Wednesday Is Your Last Chance To Buy Nuveen Glb High Inc Fund Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Glb High Inc Fund (NYSE:JGH) announced it will pay a monthly dividend of 10.35 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 | 2:46 pm
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Nuveen Glb High Inc Fund (JGH) will pay a monthly dividend of 10.35 cents per share. The stock will likely trade lower on the ex-dividend date.
The announcement of a dividend payout usually leads to an increase in the stock's price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend as the company's assets decrease by the amount of the dividend payout. Therefore, it is expected that JGH's stock price will decrease in the short term.
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