Tuesday Is Your Last Chance To Buy Flaherty & Crumrine Prefd Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Flaherty & Crumrine Prefd (NYSE:PFD) announced a monthly dividend of 5.5 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 5.5 cents lower. Shareholders owning PFD by the end of Tuesday will receive the dividend on December 29, 2023.
December 15, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Flaherty & Crumrine Prefd (PFD) will pay a 5.5 cents monthly dividend per share. Investors must own the stock by end of Tuesday to be eligible. The stock will trade ex-dividend on Wednesday, likely opening lower by the dividend amount.
The stock price of PFD is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend, which is a common occurrence as the value of the dividend is accounted for in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100