First Trust Specialty Fnc's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Specialty Fnc (NYSE:FGB) has announced a quarterly dividend of 8.25 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 8.25 cents lower to reflect the payout. Shareholders who own FGB 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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First Trust Specialty Fnc (FGB) has announced a quarterly dividend of 8.25 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend 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 of the dividend. Therefore, it is expected that FGB's stock price will open lower on the ex-dividend date.
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