First Trust Energy Infr: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust Energy Infr (NYSE:FIF) has announced a monthly dividend of 10 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 10 cents lower. Shareholders who own FIF as of the end of Monday's session are eligible to receive the dividend payout. The dividend will be paid out on August 15, 2023.
July 27, 2023 | 2:45 pm
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First Trust Energy Infr (FIF) has announced a monthly dividend of 10 cents per share. The stock will go ex-dividend on Tuesday, which will likely cause the stock to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, the stock price typically drops on the ex-dividend date to reflect the payout. In this case, FIF is expected to open 10 cents lower on Tuesday.
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