First Trust Dynamic's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Dynamic (NYSE:FDEU) has announced a monthly dividend of 7 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 7 cents lower to reflect the payout. Shareholders who own FDEU as of the end of Friday's session are eligible to receive the dividend, which will be paid out on July 17, 2023.
June 28, 2023 | 2:46 pm
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First Trust Dynamic's announcement of a 7 cents per share dividend may cause the stock to open lower on the ex-dividend date, Monday. The dividend will be paid out on July 17, 2023.
Dividend payouts typically cause a stock's price to decrease by roughly the same amount of the dividend on the ex-dividend date. In this case, FDEU's stock price is expected to open 7 cents lower on Monday. However, dividends are generally a sign of a company's financial health, which could attract investors in the long term.
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