First Trust/aberdeen Glb's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust/Aberdeen Global (NYSE:FAM) has announced a monthly dividend of 6 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own FAM as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 16, 2023.
September 27, 2023 | 2:45 pm
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First Trust/Aberdeen Global (FAM) has announced a monthly dividend of 6 cents per share. The stock will go ex-dividend on Monday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by approximately the amount of the dividend. In this case, FAM is expected to open 6 cents lower on Monday.
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