Nuveen Quality Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nuveen Quality Municipal (NYSE:NAD) has announced a monthly dividend of 3.8 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 3.8 cents lower. Shareholders who own NAD as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 01, 2023.
October 09, 2023 | 2:45 pm
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Nuveen Quality Municipal (NYSE:NAD) has announced a monthly dividend of 3.8 cents per share. The stock will go ex-dividend on Thursday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by the amount of the dividend as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Nuveen Quality Municipal's stock price is expected to drop by 3.8 cents on the ex-dividend date.
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