Wednesday Is Your Last Chance To Buy Nuveen Multi-Market Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Nuveen Multi-Market (NYSE:JMM) announced a monthly dividend of 2.75 cents per share, with Wednesday being the last day for investors to be eligible for the dividend before the stock goes ex-dividend on Thursday. The dividend will be paid out on February 1, 2024, and the stock is expected to open 2.75 cents lower on the ex-dividend date.
January 08, 2024 | 2:45 pm
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NEGATIVE IMPACT
Nuveen Multi-Market (JMM) will pay a monthly dividend of 2.75 cents per share, with the ex-dividend date being Thursday. The stock price is expected to open slightly lower by the amount of the dividend on the ex-dividend date.
The stock price of JMM 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 and is typically priced in by investors. The importance is significant for dividend investors, and the confidence in this analysis is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100