Wednesday Is Your Last Chance To Buy First Trust Mortgage Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wednesday is the last day for investors to buy First Trust Mortgage Inc (NYSE:FMY) shares to be eligible for the monthly dividend payout of 8.25 cents per share. The stock will go ex-dividend on Thursday and will likely open 8.25 cents lower. The dividend will be paid on February 15, 2024.
January 29, 2024 | 2:45 pm
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First Trust Mortgage Inc (FMY) will pay a monthly dividend of 8.25 cents per share, with shares going ex-dividend on Thursday. The stock is expected to open lower by the dividend amount.
The stock price of FMY is likely to decrease in the short term by the amount of the dividend payout as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price reduction.
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