Nuveen AMT-Free Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nuveen AMT-Free Municipal (NYSE:NEA) has announced a monthly dividend of 3.5 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 3.5 cents lower. Shareholders who own NEA 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 AMT-Free Municipal (NEA) has announced a monthly dividend of 3.5 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 often leads to a temporary increase in the 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 have effectively decreased by the amount of the dividend payout. In this case, NEA is expected to open 3.5 cents lower on the ex-dividend date.
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