PennyMac Financial Servs: Dividend Insights
Portfolio Pulse from Benzinga Insights
PennyMac Financial Services (NYSE:PFSI) announced a quarterly dividend of 20 cents per share, going ex-dividend on Monday. Shareholders owning PFSI by the end of Friday are eligible for the payout on February 23, 2024. The stock is expected to open 20 cents lower on Monday to reflect the dividend payout.
February 07, 2024 | 2:45 pm
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PennyMac Financial Services announces a 20 cents per share quarterly dividend. Stock to open lower on ex-dividend date, Monday.
The announcement of a dividend payout typically leads to a short-term decrease in stock price to reflect the payout value, in this case, 20 cents. Since PFSI is directly paying out dividends, it's expected to open lower on the ex-dividend date, directly impacting its stock price in the short term.
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