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Friday Is Your Last Chance To Buy Saba Capital Income Before The Dividend Payout

Benzinga Real-time News ·  Jan 4, 2023 09:48

Friday marks the last chance for investors to receive the next dividend payout from Saba Capital Income (NYSE:BRW).

What's Happening

The company announced on Tuesday that it would pay shareholders a monthly dividend of 8.7 cents per share. On Monday, Saba Capital Income will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.7 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 dateâ€"in this case, Monday. Shareholders who own BRW as of the end of Friday's session are eligible to receive the 8.7 cents dividend payout for every share that they own.

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

Click here to find details on Saba Capital Income's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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