Nuveen Select Maturities's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Nuveen Select Maturities (NYSE:NIM) announced it will pay a monthly dividend of 2.6 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 2.6 cents lower. Shareholders owning NIM as of the end of Wednesday's session are eligible for the dividend payout. The dividend will be paid out on November 01, 2023.
October 09, 2023 | 2:45 pm
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Nuveen Select Maturities (NYSE:NIM) will pay a monthly dividend of 2.6 cents per share. The stock will go ex-dividend on Thursday, which may cause the stock to open lower.
The announcement of a dividend payout usually leads to a temporary increase in stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend as the company's assets decrease by the amount of the dividend payout. Therefore, it is expected that NIM's stock price will drop in the short term.
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