RiverNorth Capital: Dividend Insights
Portfolio Pulse from Benzinga Insights
RiverNorth Capital (NYSE:RSF) announced a monthly dividend of 13.98 cents per share, with Thursday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Friday, likely opening 13.98 cents lower to reflect the payout. Eligible shareholders as of Thursday's close will receive the dividend on January 31, 2024.
January 09, 2024 | 2:46 pm
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RiverNorth Capital (RSF) will pay a monthly dividend of 13.98 cents per share, with the ex-dividend date set for Friday. The stock is expected to open lower by the dividend amount on that day.
The stock price of RSF 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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100