First Trust MLP's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust MLP (NYSE:FEI) has announced a monthly dividend of 5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own FEI 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 MLP's announcement of a 5 cents per share dividend will likely cause the stock to trade lower on Tuesday when it goes ex-dividend. Shareholders as of Monday's session end are eligible for the dividend.
Dividends are typically factored into a stock's price. When a stock goes ex-dividend, it usually trades lower to reflect the payout. Therefore, it's likely that FEI's stock price will decrease in the short term.
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