Cohen & Steers Infr Fund's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cohen & Steers Infr Fund (NYSE:UTF) announced it will pay a monthly dividend of 15.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend. The dividend will be paid out on October 31, 2023.
October 05, 2023 | 2:45 pm
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Cohen & Steers Infr Fund (NYSE:UTF) will pay a monthly dividend of 15.5 cents per share. The stock will go ex-dividend on Tuesday, which may cause a short-term decrease in the stock price.
The announcement of a dividend payout often leads to a short-term decrease in the stock price as the stock goes ex-dividend. This is because the stock price is adjusted to reflect the payout. However, the impact is usually temporary and the stock price may recover over time.
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