Invesco Mortgage Capital's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Invesco Mortgage Capital (NYSE:IVR) has announced a quarterly dividend of 40 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 40 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on October 27, 2023.
October 03, 2023 | 2:45 pm
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Invesco Mortgage Capital's stock is likely to open lower on the ex-dividend date due to the announced dividend of 40 cents per share.
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. In this case, Invesco Mortgage Capital's stock is expected to open 40 cents lower.
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