Delaware Inv Natl Muni's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Delaware Inv Natl Muni (AMEX:VFL) has announced a monthly dividend of 3.25 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own VFL as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 18, 2023 | 2:45 pm
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Delaware Inv Natl Muni (VFL) has announced a monthly dividend of 3.25 cents per share. The stock will go ex-dividend on Wednesday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the 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, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Delaware Inv Natl Muni (VFL) is expected to open lower on the ex-dividend date.
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