Friday Is Your Last Chance To Buy abrdn Glb Inc Fund Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
abrdn Glb Inc Fund (AMEX:FCO) has announced a monthly dividend of 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 31, 2023.
October 18, 2023 | 2:45 pm
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abrdn Glb Inc Fund (FCO) will pay a 7 cents per share dividend. The stock will go ex-dividend on Monday, potentially leading to a lower opening price.
The announcement of a dividend often leads to a short-term increase in stock price as investors buy in to receive the payout. However, the stock typically drops on the ex-dividend date as the amount of the dividend is subtracted from the stock's price. Therefore, FCO's stock price may decrease in the short term.
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