FIRST TRUST HIGH YIELD: Dividend Insights
Portfolio Pulse from Benzinga Insights
FIRST TRUST HIGH YIELD (NYSE:FTHY) announced a monthly dividend of 13 cents per share, with the ex-dividend date set for Thursday. Shareholders owning FTHY 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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NEUTRAL IMPACT
FTHY announced a 13 cents per share monthly dividend, with the ex-dividend date set for Thursday. Eligible shareholders will receive the payout on June 15, 2023.
The announcement of the dividend payout is important for FTHY shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 13 cents lower on the ex-dividend date, reflecting the payout. This is a common occurrence for stocks going ex-dividend and does not indicate a change in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100