Wednesday Is Your Last Chance To Buy Nuveen Multi-Market Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Multi-Market (NYSE:JMM) has announced a monthly dividend of 2.75 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 2.75 cents lower. Shareholders who own JMM as of the end of Wednesday's session are eligible to receive the dividend payout. The dividend will be paid out on August 01, 2023.
July 10, 2023 | 2:46 pm
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Nuveen Multi-Market's dividend announcement may lead to a short-term increase in stock purchases before the ex-dividend date, followed by a decrease in the stock price on the ex-dividend date.
The announcement of a dividend often leads to an increase in stock purchases as investors seek to qualify for the dividend payout. However, on the ex-dividend date, the stock price typically decreases by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout.
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