Angel Oak Financial: Dividend Insights
Portfolio Pulse from Benzinga Insights
Angel Oak Financial (NYSE:FINS) announced a monthly dividend of 10.9 cents per share, going ex-dividend on Wednesday. Shareholders owning FINS by the end of Tuesday are eligible for the payout on March 28, 2024. The stock is expected to open 10.9 cents lower on the ex-dividend date.
March 08, 2024 | 2:45 pm
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Angel Oak Financial announced a monthly dividend of 10.9 cents per share, with the stock expected to open lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout amount, in this case, 10.9 cents. Since FINS will go ex-dividend on Wednesday, it's expected to open lower by the dividend amount, impacting short-term stock price.
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