Thursday Is Your Last Chance To Buy Cohen & Steers Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cohen & Steers (NYSE:CNS) has announced a quarterly dividend of 57 cents per share, payable on August 24, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Friday. The stock will likely open 57 cents lower on Friday to reflect the payout.
August 08, 2023 | 2:45 pm
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Cohen & Steers is set to pay a quarterly dividend of 57 cents per share. The stock is expected to open lower on the ex-dividend date, which is Friday.
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 about the amount of the dividend to reflect the payout. In this case, Cohen & Steers' stock is expected to open 57 cents lower on Friday, the ex-dividend date.
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