Monday Is Your Last Chance To Buy COHEN & STEERS QUALITY Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
COHEN & STEERS QUALITY (NYSE:RQI) has announced a monthly dividend of 8 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own RQI as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 05, 2023 | 2:45 pm
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COHEN & STEERS QUALITY (RQI) is set to go ex-dividend on Tuesday, which will likely result in a lower opening price. Shareholders as of Monday's close are eligible for the 8 cents per share dividend, to be paid on October 31, 2023.
The announcement of a dividend payout typically leads to a short-term increase in stock price as investors buy in to qualify for the dividend. However, the stock price often drops on the ex-dividend date as the amount of the dividend is subtracted from the company's assets. In this case, RQI is expected to open lower on Tuesday, the ex-dividend date.
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