First Trust Specialty Fnc's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Specialty Fnc (NYSE:FGB) announced a quarterly dividend of 8.25 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on December 1, 2023. The stock is expected to open 8.25 cents lower on the ex-dividend date.
November 17, 2023 | 2:45 pm
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First Trust Specialty Fnc (FGB) will pay a quarterly dividend of 8.25 cents per share, with the ex-dividend date on Wednesday. The stock price is expected to open lower by the dividend amount on that day.
The stock price of FGB is likely to drop in the short term by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the dividend payout. This is a common occurrence and is typically priced into the stock by the market.
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