abrdn Glb Inc Fund's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
abrdn Glb Inc Fund (AMEX:FCO) has announced a monthly dividend of 7 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 7 cents lower to reflect the payout. Shareholders who own FCO as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 31, 2023.
August 18, 2023 | 2:45 pm
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abrdn Glb Inc Fund's announcement of a 7 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on August 31, 2023.
Dividends are typically factored into a stock's price, and the price often drops on the ex-dividend date to reflect the payout. Therefore, FCO's stock price is likely to decrease in the short term. However, the dividend payout could attract more investors, potentially driving the price up in the long term.
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