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 trade lower to reflect the payout. Shareholders owning FTF as of the end of Thursday's session are eligible for the dividend, which will be paid out on October 31, 2023.
October 10, 2023 | 2:45 pm
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Franklin Limited Duration's stock is expected to trade lower on Friday due to the ex-dividend date. The dividend will be paid out on October 31, 2023.
The stock is expected to trade lower on the ex-dividend date as the price will adjust to reflect the dividend payout. This is a common occurrence in the stock market. The dividend payout is a positive for shareholders, but the short-term impact on the stock price is typically negative.
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