Franklin Limited Duration's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Franklin Limited Duration (AMEX:FTF) has announced a monthly dividend of 5.91 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 5.91 cents lower. Shareholders who own FTF as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 12, 2023 | 2:45 pm
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Franklin Limited Duration's stock is expected to open lower on Friday due to the ex-dividend date. The dividend will be paid out on September 29, 2023.
The stock is expected to open lower on the ex-dividend date as the price adjusts to reflect the dividend payout. This is a common occurrence and does not reflect negatively on the company's performance. The dividend payout could attract more investors, potentially driving the price up in the long term.
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