Cohen & Steers Total: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cohen & Steers Total (NYSE:RFI) announced it will pay 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 owning RFI as of the end of Monday's session are eligible for the dividend, which will be paid out on October 31, 2023.
October 05, 2023 | 2:45 pm
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Cohen & Steers Total (RFI) will pay a monthly dividend of 8 cents per share. The stock will likely open lower on Tuesday due to the ex-dividend status.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, once the stock goes ex-dividend, the stock price usually decreases by roughly the amount of the dividend payout. In this case, RFI is expected to open lower on Tuesday.
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