Nuveen Mortgage & Inc: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nuveen Mortgage & Inc (NYSE:JLS) has announced a monthly dividend of 12.3 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 12.3 cents lower. Shareholders owning JLS as of the end of Wednesday's session will be eligible for the dividend, which will be paid out on August 01, 2023.
July 10, 2023 | 2:46 pm
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Nuveen Mortgage & Inc (JLS) has announced a monthly dividend of 12.3 cents per share. The stock will go ex-dividend on Thursday, which may cause the stock to open lower.
The announcement of a dividend often leads to a temporary decrease in the stock's price as it goes ex-dividend. This is because the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance.
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