Cohen & Steers Select: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cohen & Steers Select (NYSE:PSF) has announced a monthly dividend of 12.6 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 12.6 cents lower. Shareholders who own PSF as of the end of Monday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 06, 2023 | 2:46 pm
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Cohen & Steers Select (NYSE:PSF) has announced a monthly dividend of 12.6 cents per share. The stock will go ex-dividend on Tuesday, which may cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, the stock price usually drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, PSF is expected to open 12.6 cents lower on the ex-dividend date.
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