Wednesday Is Your Last Chance To Buy Nuveen Dynamic Municipal Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Dynamic Municipal (NYSE:NDMO) has announced a monthly dividend of 6.2 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 Dynamic Municipal (NDMO) is set to pay a dividend of 6.2 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend payout. In this case, NDMO is expected to open lower on the ex-dividend date.
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