Invesco Mortgage Capital's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Invesco Mortgage Capital (NYSE:IVR) announced a quarterly dividend of 40 cents per share, with the ex-dividend date set for Thursday. Shareholders owning IVR stock by the end of Wednesday are eligible for the dividend, which will be paid on January 26, 2024. The stock is expected to open 40 cents lower on the ex-dividend date.
December 25, 2023 | 2:45 pm
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Invesco Mortgage Capital will pay a quarterly dividend of 40 cents per share, with the ex-dividend date being this Thursday. The stock is expected to trade lower by the dividend amount on the ex-dividend date.
Stocks typically drop by the dividend amount on the ex-dividend date as the dividend value is accounted for in the stock price. IVR's announcement of a 40 cents dividend is likely to result in a corresponding decrease in stock price on the ex-dividend date.
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