Cohen & Steers REIT's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Cohen & Steers REIT (NYSE:RNP) has announced a monthly dividend of 13.6 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own RNP 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 REIT's announcement of a 13.6 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in RNP's stock price is expected. However, this is a normal part of the dividend process and does not reflect negatively on the company's overall performance. Investors who own the stock prior to the ex-dividend date will receive the dividend, providing them with a return on their investment.
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