Dynex Cap: Dividend Insights
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 Thursday. Shareholders owning DX by the end of Wednesday are eligible for the dividend, to be paid on January 02, 2024. The stock is expected to open 13 cents lower on the ex-dividend date.
December 18, 2023 | 2:45 pm
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Dynex Cap announced a monthly dividend of 13 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date, reflecting the payout.
The announcement of a dividend typically leads to a decrease in the stock price 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 and expected market reaction.
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IMPORTANCE 75
RELEVANCE 100