FIRST TRUST HIGH YIELD's Ex-Dividend Date Is Tuesday, 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 Tuesday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning the stock by the end of Monday's session are eligible for the dividend, which will be paid out on August 25, 2023.
July 27, 2023 | 2:45 pm
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FTHY has announced a monthly dividend of 13 cents per share. The stock is expected to trade lower on Tuesday to reflect the payout.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, FTHY's stock price is expected to decrease by about 13 cents on Tuesday, the ex-dividend date.
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