Friday Is Your Last Chance To Buy Dynex Cap Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Dynex Capital (NYSE:DX) has announced a monthly dividend of 13 cents per share, with the ex-dividend date set for Monday. Investors must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid on February 1, 2024. The stock is expected to open 13 cents lower on Monday to reflect the dividend payout.
January 17, 2024 | 2:45 pm
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Dynex Capital (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 stock price is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. This is a predictable short-term impact directly related to the dividend payout.
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