FIRST TRUST HIGH YIELD's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
FIRST TRUST HIGH YIELD (NYSE:FTHY) has announced a monthly dividend of 13 cents per share. The ex-dividend date is Friday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid out on September 25, 2023.
August 29, 2023 | 2:45 pm
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FIRST TRUST HIGH YIELD (FTHY) has announced a monthly dividend of 13 cents per share. The stock will likely trade lower on the ex-dividend date, which is this Friday.
The announcement of a dividend often leads to a temporary decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that FTHY's stock price will trade lower on the ex-dividend date.
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