Wednesday Is Your Last Chance To Buy Nuveen Senior Income Fund Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Senior Income Fund (NYSE:NSL) has announced a monthly dividend of 4.35 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 Senior Income Fund (NYSE:NSL) has announced a monthly dividend of 4.35 cents per share. The stock will go ex-dividend on Thursday, which will likely cause the stock to open lower.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend payout, as the company's assets have effectively decreased by the amount of the payout. In this case, NSL is expected to open lower on the ex-dividend date.
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