Monday Is Your Last Chance To Buy Cohen & Steers Closed-end Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cohen & Steers Closed-end (NYSE:FOF) has announced a monthly dividend of 8.7 cents per share. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Tuesday. The dividend will be paid out on July 31, 2023.
July 06, 2023 | 2:45 pm
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NEGATIVE IMPACT
Cohen & Steers Closed-end (FOF) has announced a monthly dividend of 8.7 cents per share. The stock will likely trade lower to reflect the payout after the ex-dividend date.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about FOF. The importance is 80 as dividends are a significant part of a company's financial picture. The confidence is 90 as this is a common occurrence in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100