Tuesday Is Your Last Chance To Buy Franklin Universal Trust Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Franklin Universal Trust (NYSE:FT) has announced a monthly dividend of 4.25 cents per share. To be eligible for this dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The dividend will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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Franklin Universal Trust (NYSE:FT) has announced a monthly dividend of 4.25 cents per share. The stock will likely open lower on the ex-dividend date, reflecting the payout.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, the stock price usually drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about FT. The importance is 80 as dividends are a significant part of a company's financial picture. The confidence is 90 based on the clear information provided in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100