The announcement of a dividend often leads to a temporary increase in the stock 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 have effectively decreased by the amount of the dividend payout. In this case, CBRE Clarion Glb Real Est (NYSE:IGR) has announced a 6 cents per share dividend, so the stock is likely to open 6 cents lower on the ex-dividend date, Wednesday.