First Trust Dynamic's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Dynamic (NYSE:FDEU) has announced a monthly dividend of 7 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders owning FDEU as of the end of Friday's session are eligible for the dividend, which will be paid out on October 16, 2023.
September 27, 2023 | 2:45 pm
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First Trust Dynamic's announcement of a 7 cents per share dividend may cause the stock to trade lower on the ex-dividend date. Shareholders as of Friday's session end are eligible for the dividend.
Dividend payouts typically cause a stock's price to decrease by roughly the same amount of the dividend on the ex-dividend date. In this case, FDEU's stock price is expected to decrease by 7 cents per share. This is a direct impact on the stock's short-term price.
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