Wednesday Is Your Last Chance To Buy Nuveen Real Asset I&G Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Real Asset I&G (NYSE:JRI) has announced a monthly dividend of 8.7 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 October 02, 2023.
September 11, 2023 | 2:46 pm
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Nuveen Real Asset I&G (JRI) has announced a monthly dividend of 8.7 cents per share. The stock will likely trade lower on the ex-dividend date.
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 decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. Therefore, the stock price of JRI is likely to decrease in the short term.
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