PennyMac Finl Svcs Inc Dividends
The next dividend date for PennyMac Finl Svcs 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 PennyMac Finl Svcs Inc (PFSI)
More About PennyMac Finl Svcs Inc
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through two segments, Production and Servicing. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; offers counseling for delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities comprising modification and forbearance programs. The company was founded in 2008 and is headquartered in Westlake Village, California.
Owning PennyMac Finl Svcs Inc Stock on the Dividend Date
If you own PennyMac Finl Svcs Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of PennyMac Finl Svcs 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 PennyMac Finl Svcs Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying PennyMac Finl Svcs Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the PennyMac Finl Svcs Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More PennyMac Finl Svcs Inc Dividends
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