First Trust/aberdeen Glb's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust/aberdeen Glb (NYSE:FAM) has announced a monthly dividend of 6 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own FAM as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 15, 2023.
August 29, 2023 | 2:45 pm
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First Trust/aberdeen Glb (FAM) has announced a monthly dividend of 6 cents per share. The stock will go ex-dividend on Friday, which will likely cause the stock to open lower.
The announcement of a dividend often leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend to reflect the payout. Therefore, it is expected that FAM's stock price will open lower on the ex-dividend date.
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