First Trust MLP: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust MLP (NYSE:FEI) has announced a monthly dividend of 5 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 5 cents lower. Shareholders who own FEI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on November 15, 2023.
October 27, 2023 | 2:45 pm
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First Trust MLP's announcement of a 5 cents per share dividend may cause the stock to open lower on the ex-dividend date. The dividend will be paid out on November 15, 2023.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, First Trust MLP's stock is expected to open 5 cents lower on the ex-dividend date. This is a direct impact on the stock's price, hence the score of -1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100