First Trust Senior: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust Senior (NYSE:FCT) has announced a monthly dividend of 9.7 cents per share, payable on July 17, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning FCT by the end of Friday's session will be eligible for the dividend.
June 28, 2023 | 2:46 pm
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First Trust Senior's announcement of a 9.7 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend on Monday.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. Therefore, FCT's stock price is likely to decrease in the short term. However, the dividend announcement may also attract income-focused investors, potentially offsetting some of the price decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100