First Trust Dynamic: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust Dynamic (NYSE:FDEU) announced a monthly dividend of 7 cents per share, with Wednesday being the last chance for investors to be eligible for the payout. The stock will go ex-dividend on Thursday, trading lower to reflect the payout.
May 29, 2023 | 2:48 pm
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First Trust Dynamic (FDEU) will pay a 7 cents per share monthly dividend, with the stock going ex-dividend on Thursday, trading lower to reflect the payout.
The announcement of the 7 cents per share monthly dividend will have a short-term negative impact on FDEU's stock price as it goes ex-dividend on Thursday. The stock will trade lower to reflect the payout, making it less attractive for investors who are not eligible for the dividend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100