First Trust Mortgage Inc's Ex-Dividend Date Is Friday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from First Trust Mortgage Inc FMY.

What's Happening

The company announced on Monday that it would pay shareholders a monthly dividend of $0.055 per share. On Friday, First Trust Mortgage Inc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.055 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own FMY as of the end of Thursday's session are eligible to receive the $0.055 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on April 18, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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