Saba Cap Inc & Opps's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Saba Cap Inc & Opps (NYSE:BRW) announced it will pay shareholders a monthly dividend of 8.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 8.5 cents lower. Shareholders who own BRW as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 04, 2023 | 1:41 pm
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Saba Cap Inc & Opps (BRW) will pay a monthly dividend of 8.5 cents per share. The stock will go ex-dividend on Tuesday, which may cause the stock to open lower.
The announcement of a dividend payout typically leads to a temporary increase in stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price usually decreases by roughly the amount of the dividend payout. In this case, BRW is expected to open 8.5 cents lower on Tuesday.
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