Wednesday Is Your Last Chance To Buy Nuveen Core Plus Impact Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Core Plus Impact (NYSE:NPCT) announced a monthly dividend of 8.3 cents per share, with Wednesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will open 8.3 cents lower to reflect the payout. Shareholders owning NPCT by the end of Wednesday will receive the dividend on February 01, 2024.
January 08, 2024 | 2:45 pm
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Nuveen Core Plus Impact (NPCT) will pay an 8.3 cents per share dividend, with shares likely to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend typically does not have a significant long-term impact on a stock's price, but it does lead to a short-term adjustment on the ex-dividend date. Investors who purchase the stock before the ex-dividend date are entitled to the dividend, which is why the stock price is adjusted lower by the amount of the dividend on the ex-dividend date. This is a routine occurrence for stocks with regular dividends and is usually already priced into the market.
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