Cohen & Steers Infrastructure Fund to Trade Ex-Dividend Soon

Cohen & Steers Infrastructure Fund's upcoming ex-dividend date on 12/10/24 is set to impact its stock price, projected to dip by approximately 0.60%. The report highlights its current yield of 7.21% and positions for potential stock performance based on historical data.

Date: 06-12-2024

AI Rating: 6

The report discusses Cohen & Steers Infrastructure Fund (UTF) and its monthly dividend payment of $0.155, with an ex-dividend date of 12/10/24. As the dividend is approximately 0.60% of the current stock price of $25.80, investors should expect a corresponding drop in stock price when trading resumes. The yield is calculated at around 7.21% on an annualized basis, suggesting that this dividend payout is potentially sustainable based on historical context.

In terms of performance, the report provides insight into UTF's 52-week trading range, with a low point of $20.56 and a high point of $26.31, compared to the last traded price of $25.85. This indicates a relatively strong share price considering the dividend payout.

To summarize:

Dividend Information: UTF will trade ex-dividend on 12/10/24.
Dividend Impact: Anticipated 0.60% decline in stock value on ex-dividend date.
Current Dividend Yield: Estimated annual yield of 7.21%.
52-Week Range: From $20.56 to $26.31.
Last Trade Price: $25.85.

Stocks: UTF