Monday Is Your Last Chance To Buy Angel Oak Financial Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy Angel Oak Financial (NYSE:FINS) shares to be eligible for its monthly dividend payout of 10.9 cents per share. The stock will go ex-dividend on Tuesday, which means it will likely open 10.9 cents lower to reflect the dividend payout. Shareholders owning the stock by the end of Monday's session will receive the dividend on January 31, 2024.
January 11, 2024 | 2:45 pm
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Angel Oak Financial (FINS) will pay a monthly dividend of 10.9 cents per share, with shares likely to open lower by the same amount on the ex-dividend date, Tuesday.
The stock price of FINS is expected to drop by the amount of the dividend (10.9 cents) on the ex-dividend date, as the dividend payout is factored into the stock price. This is a common occurrence when stocks go ex-dividend and typically results in a short-term price decline equal to the dividend amount.
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