Tuesday Is Your Last Chance To Buy Dynex Cap Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) announced a monthly dividend of 13 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning DX by the end of Tuesday are eligible for the dividend, which will be paid on December 1, 2023. The stock is expected to open 13 cents lower on the ex-dividend date.
November 17, 2023 | 2:45 pm
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Dynex Cap (NYSE:DX) will pay a 13 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend typically leads to a short-term decrease in stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the payout. Investors who purchase the stock before the ex-dividend date are entitled to the dividend, which can increase demand before the date but does not usually affect the price adjustment that occurs on the ex-dividend date.
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