Thursday Is Your Last Chance To Buy Franklin Limited Duration Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Franklin Limited Duration (AMEX:FTF) announced a monthly dividend of 5.82 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 5.82 cents lower. The dividend is payable on December 29, 2023.
December 12, 2023 | 2:45 pm
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Franklin Limited Duration (FTF) will pay a monthly dividend of 5.82 cents per share, with the ex-dividend date being Friday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is factored into the stock price. However, this is a short-term impact and does not necessarily reflect the company's long-term value.
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