Wednesday Is Your Last Chance To Buy Nuveen Real Asset I&G Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Real Asset I&G (NYSE:JRI) has announced a monthly dividend of 8.7 cents per share. The stock will go ex-dividend on Thursday, 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 August 01, 2023.
July 10, 2023 | 2:45 pm
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Nuveen Real Asset I&G has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. This could impact short-term trading strategies.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. Therefore, it's likely that JRI's stock price will decrease in the short term.
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