Saba Cap Inc & Opps: Dividend Insights
Portfolio Pulse from Benzinga Insights
Saba Cap Inc & Opps (NYSE:BRW) announced a monthly dividend of 8.5 cents per share, going ex-dividend on Thursday. Shareholders owning the stock by Wednesday are eligible for the payout on February 29, 2024. The stock is expected to open 8.5 cents lower on the ex-dividend date.
February 05, 2024 | 2:45 pm
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Saba Cap Inc & Opps (BRW) announces a monthly dividend of 8.5 cents per share, with the stock expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the value of the dividend is subtracted from the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100