First Trust New Opps's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust New Opps (NYSE:FPL) has announced a monthly dividend of 3.75 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own FPL 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 New Opps (FPL) has announced a monthly dividend of 3.75 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 payout 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, which reduces the company's retained earnings and therefore its stock price. In this case, First Trust New Opps (FPL) has announced a dividend of 3.75 cents per share, which will likely cause the stock to open lower on Tuesday.
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