Friday Is Your Last Chance To Buy First Trust Senior Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Trust Senior (NYSE:FCT) has announced a monthly dividend of 9.7 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 16, 2023.
September 27, 2023 | 2:46 pm
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NEUTRAL IMPACT
First Trust Senior's stock will likely open lower on Monday due to the ex-dividend date. The dividend payout may attract investors looking for income, potentially increasing demand for the stock before the ex-dividend date.
The announcement of a dividend payout often attracts investors looking for income, which could increase demand for the stock before the ex-dividend date. However, the stock will likely open lower on the ex-dividend date as it will trade without the value of the dividend. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100