Nuveen Credit Strat Inc: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nuveen Credit Strat Inc (NYSE:JQC) has announced a monthly dividend of 4.75 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning JQC 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 Credit Strat Inc's announcement of a 4.75 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100