Franklin Limited Duration's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Franklin Limited Duration (AMEX:FTF) announced a monthly dividend of 5.76 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, which will be paid on November 30, 2023. The stock is expected to open 5.76 cents lower on the ex-dividend date.
November 13, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Franklin Limited Duration (FTF) will pay a monthly dividend of 5.76 cents per share, with the ex-dividend date being this Thursday. The stock is expected to trade lower by the dividend amount on the ex-dividend date.
The stock price of FTF is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100