Franklin Limited Duration: Dividend Insights
Portfolio Pulse from Benzinga Insights
Franklin Limited Duration (AMEX:FTF) has announced a monthly dividend of 5.9 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 5.9 cents lower. Shareholders who own FTF as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 14, 2023 | 2:45 pm
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Franklin Limited Duration's announcement of a 5.9 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically opens lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100