Nuveen Credit Strat Inc's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Nuveen Credit Strat Inc (NYSE:JQC) announced a monthly dividend of 5.4 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on February 01, 2024. The stock is expected to open 5.4 cents lower on the ex-dividend date.
January 08, 2024 | 2:46 pm
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Nuveen Credit Strat Inc (JQC) will pay a 5.4 cents per share dividend with an ex-dividend date of Thursday. The stock is expected to open lower by the dividend amount on that day.
The stock price of JQC is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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