FIRST TRUST HIGH YIELD's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
FIRST TRUST HIGH YIELD (NYSE:FTHY) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning FTHY by the end of Friday's session are eligible for the dividend, which will be paid out on July 25, 2023.
June 28, 2023 | 2:46 pm
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FTHY's stock price is expected to trade lower on Monday due to the ex-dividend date. The dividend payout may attract more investors, potentially increasing the stock's demand in the long term.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the dividend. However, the dividend payout can make the stock more attractive to income-focused investors, potentially increasing demand in the long term.
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