Swiss Helvetia Fund's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Swiss Helvetia Fund (NYSE:SWZ) announced a quarterly dividend of 12.9 cents per share, with the ex-dividend date set for Monday. Shareholders owning the stock by the end of Friday's session will be eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 12.9 cents lower on Monday due to the dividend payout.
December 13, 2023 | 2:45 pm
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Swiss Helvetia Fund (SWZ) will pay a quarterly dividend of 12.9 cents per share. The stock will likely open lower on the ex-dividend date, reflecting the dividend payout.
The stock price of SWZ is expected to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is accounted for in the stock's price. This anticipated drop is typically short-lived and reflects the distribution of the dividend to eligible shareholders.
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