Nuveen Mortgage & Inc's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Wednesday marks the last chance for investors to receive the next dividend payout from Nuveen Mortgage & Inc (NYSE:JLS).

What's Happening

The company announced on Friday that it would pay shareholders a monthly dividend of 12.3 cents per share. On Thursday, Nuveen Mortgage & Inc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12.3 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, Thursday. Shareholders who own JLS as of the end of Wednesday's session are eligible to receive the 12.3 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on October 02, 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 Nuveen Mortgage & Inc on Benzinga.