First Trust Mortgage Inc: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust Mortgage Inc (NYSE:FMY) has announced a monthly dividend of 6.75 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning FMY by the end of Friday's session will be eligible for the dividend, which will be paid out on October 16, 2023.
September 27, 2023 | 2:45 pm
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First Trust Mortgage Inc's announcement of a 6.75 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. As First Trust Mortgage Inc has announced a dividend of 6.75 cents per share, it is expected that the stock price will decrease in the short term.
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