Swiss Helvetia Fund's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Swiss Helvetia Fund (NYSE:SWZ) announced a quarterly dividend of 12.29 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning SWZ by the end of Monday's session will be eligible for the dividend, which will be paid on June 30, 2023.
June 15, 2023 | 2:45 pm
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Swiss Helvetia Fund's stock will likely trade lower on Tuesday due to the ex-dividend date, reflecting the 12.29 cents per share dividend payout.
The ex-dividend date is when a stock's price typically drops to account for the dividend payout. In this case, Swiss Helvetia Fund's stock will likely open 12.29 cents lower on Tuesday, reflecting the dividend payout. This short-term price drop is expected and should not be a cause for concern for long-term investors.
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