Western Asset Mortgage: Dividend Insights
Portfolio Pulse from Benzinga Insights
Western Asset Mortgage (NYSE:WMC) has announced a quarterly dividend of 35 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 35 cents lower. Shareholders who own WMC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 26, 2023.
September 26, 2023 | 2:45 pm
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Western Asset Mortgage's announcement of a 35 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock's price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, this is a standard part of the dividend process and does not reflect negatively on the company's performance or value. Investors who hold the stock until the end of Thursday's session will receive the dividend.
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