Mr. Cooper Group Inc Dividends
The next dividend date for Mr. Cooper Group Inc has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Mr. Cooper Group Inc (COOP)
More About Mr. Cooper Group Inc
Mr. Cooper Group Inc., together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. It operates through two segments, Servicing and Originations. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned. The Originations segment originates residential mortgage loans through its direct-to-consumer and correspondent channels. The company provides its services under the Mr. Cooper, Xome, and Rushmore Servicing brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. was founded in 1994 and is based in Coppell, Texas.
Owning Mr. Cooper Group Inc Stock on the Dividend Date
If you own Mr. Cooper Group Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Mr. Cooper Group Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Mr. Cooper Group Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Mr. Cooper Group Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Mr. Cooper Group Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Mr. Cooper Group Inc Dividends
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