Franklin Limited Duration: Dividend Insights
Portfolio Pulse from Benzinga Insights
Franklin Limited Duration (AMEX:FTF) announced a monthly dividend of 5.93 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders who own FTF as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 11, 2023 | 2:45 pm
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Franklin Limited Duration (FTF) announced a monthly dividend of 5.93 cents per share. The stock will likely trade lower on Wednesday to reflect the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. Therefore, it is expected that FTF's stock price will trade lower on Wednesday.
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