Monday Is Your Last Chance To Buy UWM Hldgs Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
UWM Hldgs (NYSE:UWMC) has announced a quarterly dividend of 10 cents per share, which will be paid out to shareholders on October 11, 2023. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Monday is the last day for investors to buy the stock and be eligible for the dividend.
September 14, 2023 | 2:45 pm
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UWM Hldgs is set to pay a 10 cents per share dividend on October 11, 2023. The stock will go ex-dividend on Tuesday, potentially leading to a lower opening price.
The announcement of the dividend payout and the ex-dividend date could lead to increased buying activity in the short term as investors try to qualify for the dividend. However, the stock is likely to open lower on the ex-dividend date as the market adjusts for the payout, which could negatively impact the stock price in the short term.
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