Monday Is Your Last Chance To Buy Cohen & Steers Real Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Cohen & Steers Real (NYSE:RLTY) has announced a monthly dividend of 11 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own RLTY 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 Real (RLTY) is set to pay a monthly dividend of 11 cents per share. The stock will go ex-dividend on Tuesday, which may cause a temporary drop in the stock price.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price typically drops on the ex-dividend date by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. In this case, RLTY is expected to drop by about 11 cents per share.
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