First Trust Energy Infr's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Energy Infr (NYSE:FIF) announced it will pay a monthly dividend of 10 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 10 cents lower. Shareholders owning FIF by the end of Tuesday's session are 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 Energy Infr's announcement of a 10 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.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. In this case, FIF's stock price is expected to open 10 cents lower on the ex-dividend date. However, dividends are generally a positive sign of a company's profitability and can attract investors, potentially leading to an increase in the stock price in the long term.
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