Cohen & Steers: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cohen & Steers (NYSE:CNS) announced a quarterly dividend of 59 cents per share, with the ex-dividend date set for Friday. Shareholders owning CNS by the end of Thursday are eligible for the dividend, payable on March 14, 2024. The stock is expected to open 59 cents lower on the ex-dividend date.
February 27, 2024 | 2:45 pm
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Cohen & Steers announces a quarterly dividend of 59 cents per share, with the ex-dividend date this Friday. The stock will likely open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, CNS is likely to experience a short-term price decrease equivalent to the dividend amount.
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