Nuveen Floating Rate Inc: Dividend Insights
Portfolio Pulse from Benzinga Insights
Nuveen Floating Rate Inc (NYSE:JFR) announced a monthly dividend of 8.5 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 8.5 cents lower to reflect the payout. Shareholders owning JFR by the end of Wednesday's session will receive the dividend on February 01, 2024.
January 08, 2024 | 2:45 pm
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Nuveen Floating Rate Inc (JFR) will pay a monthly dividend of 8.5 cents per share, with the ex-dividend date set for Thursday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock is expected to open lower on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and is typically reflected in a temporary decrease in the stock's price equivalent to the dividend amount.
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