Monday Is Your Last Chance To Buy Delaware Inv Natl Muni Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Delaware Inv Natl Muni (AMEX:VFL) announced a monthly dividend of 3.25 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before the ex-dividend date to be eligible for the dividend, which will be paid out on November 30, 2023. The stock is expected to open 3.25 cents lower on the ex-dividend date to reflect the payout.
November 16, 2023 | 2:45 pm
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Delaware Inv Natl Muni (VFL) will pay a monthly dividend of 3.25 cents per share, with the ex-dividend date being the upcoming Tuesday. The stock price is expected to adjust down by the dividend amount on the ex-dividend date.
The stock price of VFL is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date. However, the impact is typically short-lived and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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