Friday Is Your Last Chance To Buy Saba Cap Inc & Opps Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Saba Cap Inc & Opps (NYSE:BRW) announced it will pay shareholders a monthly dividend of 8.5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 31, 2023.

July 05, 2023 | 2:45 pm
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Saba Cap Inc & Opps (BRW) will pay a monthly dividend of 8.5 cents per share. The stock will go ex-dividend on Monday, which may cause a temporary decrease in the stock price.
The announcement of a dividend payout is generally a positive signal for investors, as it indicates the company's profitability and ability to return capital to shareholders. However, the stock will go ex-dividend on Monday, which means it will trade lower to reflect the payout. This is a standard practice and does not necessarily indicate a problem with the company. The impact on the stock price is likely to be temporary.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100