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Cohen & Steers Infr Fund's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

Benzinga ·  Oct 5, 2023 22:45

Monday marks the last chance for investors to receive the next dividend payout from Cohen & Steers Infr Fund (NYSE:UTF).

What's Happening

The company announced on Tuesday that it would pay shareholders a monthly dividend of 15.5 cents per share. On Tuesday, Cohen & Steers Infr Fund will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 15.5 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own UTF as of the end of Monday's session are eligible to receive the 15.5 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on October 31, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

See current stock movements Cohen & Steers Infr Fund on Benzinga.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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