Redwood Trust's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Redwood Trust (NYSE:RWT) announced a quarterly dividend of 16 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning RWT stock by the end of Monday's session will be eligible for the dividend, which will be paid on December 28, 2023. The stock is expected to open 16 cents lower on the ex-dividend date.
December 14, 2023 | 2:45 pm
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Redwood Trust has declared a quarterly dividend of 16 cents per share, with the ex-dividend date being this Tuesday. The stock is likely to open lower by the dividend amount on that day.
The stock price of RWT is expected to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced into the market.
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