Dynex Cap's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Dynex Cap (NYSE:DX) announced a monthly dividend of 13 cents per share, with the ex-dividend date set for Thursday. Shareholders owning DX by the end of Wednesday are eligible for the payout, which will be distributed on April 01, 2024. The stock is expected to open 13 cents lower on the ex-dividend date.
March 18, 2024 | 2:45 pm
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Dynex Cap announces a monthly dividend of 13 cents per share with an ex-dividend date this Thursday. Eligible shareholders will receive the payout on April 01, 2024.
The announcement of the dividend and the ex-dividend date directly impacts Dynex Cap's stock (DX). Typically, stocks trade lower on the ex-dividend date by an amount roughly equal to the dividend payout, in this case, 13 cents. This expected decrease in stock price is a short-term impact resulting from the dividend payout process.
CONFIDENCE 90
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