Saba Cap Inc & Opps's Ex-Dividend Date Is Monday, 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 Monday, meaning it will trade lower to reflect the payout. Shareholders owning BRW as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 04, 2023 | 2:45 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 Monday, which will likely cause the stock to open lower.
The announcement of a dividend payout usually 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 typically decreases by roughly the amount of the dividend payout. In this case, Saba Cap Inc & Opps (BRW) is expected to open lower on Monday, reflecting the 8.5 cents per share dividend payout.
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