Monday Is Your Last Chance To Buy Nuveen Dynamic Municipal Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Dynamic Municipal (NYSE:NDMO) has announced a monthly dividend of 6.2 cents per share. To be eligible for the dividend, shareholders must own the stock prior to the ex-dividend date, which is Tuesday. The dividend will be paid out to shareholders on December 01, 2023.
November 09, 2023 | 2:45 pm
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Nuveen Dynamic Municipal (NDMO) has announced a dividend payout, which may lead to a temporary decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a company announces a dividend, the stock price typically decreases by the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. However, the announcement of a dividend can attract new investors who are interested in the income from the dividend, which could potentially stabilize the stock price.
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