Cohen & Steers Total's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cohen & Steers Total (NYSE:RFI) has announced a monthly dividend of 8 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 8 cents lower to reflect the payout. Shareholders who own RFI 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 Total's stock price is expected to open lower on Tuesday due to the ex-dividend date. The company's dividend payout may attract investors looking for regular income.
The ex-dividend date typically results in a decrease in the stock price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can also be attractive to investors seeking regular income, potentially offsetting any short-term negative impact on the stock price.
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