First Trust/aberdeen Glb's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust/Aberdeen Global (NYSE:FAM) has announced a monthly dividend of 6 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 6 cents lower to reflect the payout. Shareholders owning FAM 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/Aberdeen Global (FAM) has declared a monthly dividend of 6 cents per share. The stock is expected to open lower on the ex-dividend date, reflecting the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date, reflecting the amount of the dividend. In this case, FAM is expected to open 6 cents lower on the ex-dividend date. This is a direct impact on the stock price, hence the relevance and importance are high. The confidence in this analysis is also high as this is a common occurrence in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100