Tuesday Is Your Last Chance To Buy Sprott Focus Trust Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Sprott Focus Trust (NASDAQ:FUND) announced a quarterly dividend of 12.7 cents per share, with Tuesday being the last day for investors to buy shares and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 12.7 cents lower. The dividend is scheduled to be paid on December 28, 2023.
December 08, 2023 | 2:45 pm
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Sprott Focus Trust (FUND) will pay a quarterly dividend of 12.7 cents per share, with the ex-dividend date being Wednesday. The stock is expected to open lower by the dividend amount on that day.
The announcement of a dividend typically does not have a significant impact on the stock price beyond the mechanical adjustment lower by the amount of the dividend on the ex-dividend date. Investors who purchase before the ex-dividend date are entitled to the dividend, which is a routine event for dividend-paying stocks.
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