First Trust/aberdeen Glb's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust/Aberdeen Global (NYSE:FAM) has announced a monthly dividend of 6 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 6 cents lower to reflect the payout. Shareholders who own FAM 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/Aberdeen Global (NYSE:FAM) has announced a monthly dividend of 6 cents per share. The ex-dividend date is Tuesday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that FAM's stock price will open lower on Tuesday.
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