First Trust Inter Dur: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust Inter Dur (NYSE:FPF) announced it will pay a monthly dividend of 10.75 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 10.75 cents lower. Shareholders owning FPF by the end of Tuesday's session will be eligible for the dividend, which will be paid out on November 15, 2023.
October 27, 2023 | 2:45 pm
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First Trust Inter Dur (FPF) will pay a monthly dividend of 10.75 cents per share. The stock will go ex-dividend on Wednesday, which may cause a short-term decrease in the stock price.
The announcement of a dividend payout often leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, once the stock goes ex-dividend, the price typically decreases by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the payout. In this case, FPF's stock price is expected to decrease by 10.75 cents when it goes ex-dividend on Wednesday.
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