Dynex Cap's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 13 cents lower to reflect the payout. Shareholders owning DX by the end of Wednesday's session are eligible for the dividend, which will be paid out on October 02, 2023.
September 18, 2023 | 2:46 pm
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Dynex Cap's stock price is expected to open lower on the ex-dividend date due to the dividend payout. This could impact short-term trading strategies.
The ex-dividend date is when the stock price is adjusted downwards to reflect the dividend payout. This is a common occurrence and is typically factored into trading strategies. In the short term, this could lead to a decrease in the stock price.
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