Monday Is Your Last Chance To Buy Cohen & Steers Real Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cohen & Steers Real (NYSE:RLTY) has announced a monthly dividend of 11 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own RLTY 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 Real (RLTY) is set to pay a dividend of 11 cents per share. The stock will go ex-dividend on Tuesday, potentially leading to a lower opening price.
The announcement of a dividend often leads to a temporary increase in stock price as investors buy in to receive the payout. However, the stock typically drops on the ex-dividend date as it begins trading without the value of the next dividend payment. In this case, RLTY is expected to open lower on Tuesday, reflecting the 11 cents per share dividend.
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