Nuveen Dynamic Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nuveen Dynamic Municipal (NYSE:NDMO) announced a monthly dividend of 6.2 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning NDMO by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on July 3, 2023.
June 09, 2023 | 2:46 pm
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Nuveen Dynamic Municipal (NDMO) will pay a 6.2 cents per share monthly dividend, with the ex-dividend date on Wednesday. Eligible shareholders will receive the payout on July 3, 2023.
The announcement of the dividend payout is important for NDMO shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 6.2 cents lower on the ex-dividend date, reflecting the payout. This is a common occurrence for stocks going ex-dividend and does not indicate a change in the company's fundamentals or outlook.
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IMPORTANCE 80
RELEVANCE 100