First Trust/aberdeen Glb's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust/Aberdeen Global (NYSE:FAM) announced a monthly dividend of 6 cents per share, with the ex-dividend date set for Thursday. Shareholders owning FAM by the end of Wednesday's session will be eligible for the dividend payout, which will be distributed on June 15, 2023.
May 29, 2023 | 2:48 pm
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First Trust/Aberdeen Global (FAM) will go ex-dividend on Thursday, with a 6 cents per share monthly dividend. Eligible shareholders will receive the payout on June 15, 2023.
The announcement of a dividend payout is generally a positive event for shareholders. However, the stock will likely trade lower to reflect the payout, which is a common occurrence on ex-dividend dates. The short-term impact on the stock price is neutral, as the dividend distribution is already expected by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100