Nuveen Massachusetts's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Nuveen Massachusetts (NYSE:NMT) has announced a monthly dividend of 2.6 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 2.6 cents lower to reflect the payout. Shareholders who own NMT 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 Massachusetts (NYSE:NMT) has announced a monthly dividend of 2.6 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout of the dividend. Therefore, it is expected that the stock price of Nuveen Massachusetts will open lower on the ex-dividend date.
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