First Trust High Income's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust High Income (NYSE:FSD) has announced a monthly dividend of 10.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own FSD as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 15, 2023.
July 27, 2023 | 2:46 pm
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First Trust High Income's stock will likely trade lower on Tuesday due to the ex-dividend date. The dividend will be paid out on August 15, 2023.
The stock is expected to trade lower on the ex-dividend date as the price will adjust to reflect the dividend payout. This is a common occurrence in the stock market. The dividend payout is a return of capital to shareholders, which reduces the company's retained earnings and therefore the stock price.
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