First Trust Enhanced's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Enhanced (NYSE:FFA) announced it will pay a quarterly dividend of 31.5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 31.5 cents lower. Shareholders owning FFA by the end of Thursday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 19, 2023 | 2:45 pm
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First Trust Enhanced (FFA) will pay a quarterly dividend of 31.5 cents per share. The stock will go ex-dividend on Friday, which may cause a temporary drop in the stock price.
The announcement of a dividend payout often leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, the stock price typically drops on the ex-dividend date by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. In this case, FFA's stock price is expected to drop by about 31.5 cents on the ex-dividend date.
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