Nuveen Mortgage & Inc's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Nuveen Mortgage & Inc (NYSE:JLS) has announced a monthly dividend of 12.3 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 12.3 cents lower to reflect the payout. Shareholders owning JLS as of the end of Wednesday's session are eligible for the dividend, which will be paid out on October 02, 2023.
September 11, 2023 | 2:46 pm
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Nuveen Mortgage & Inc's stock price is expected to open lower on the ex-dividend date due to the announced dividend of 12.3 cents per share. The dividend will be paid out on October 02, 2023.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. In this case, Nuveen Mortgage & Inc's stock price is expected to open 12.3 cents lower on the ex-dividend date.
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