Macquarie/First Trust Glb's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Macquarie/First Trust Glb (NYSE:MFD) has announced a quarterly dividend of 20 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 20 cents lower to reflect the payout. Shareholders who own MFD as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 17, 2023 | 2:45 pm
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Macquarie/First Trust Glb's stock price is expected to open lower on Tuesday due to the ex-dividend date. The dividend will be paid out on August 31, 2023.
The ex-dividend date is the cutoff day to buy a stock and still receive its recently declared dividend. On the ex-dividend date, the stock price is adjusted downward by the amount of the dividend by the exchange. Therefore, Macquarie/First Trust Glb's stock price is expected to open lower on Tuesday.
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