Tuesday Is Your Last Chance To Buy First Trust New Opps Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Trust New Opps (NYSE:FPL) has announced a monthly dividend of 3.75 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 3.75 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 15, 2023.
October 27, 2023 | 2:45 pm
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First Trust New Opps (FPL) has announced a monthly dividend of 3.75 cents per share. The stock will go ex-dividend on Wednesday, which may cause the stock to open lower.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, the stock price usually drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, FPL is expected to open 3.75 cents lower on the ex-dividend date.
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