Flaherty & Crumrine: Dividend Insights
Portfolio Pulse from Benzinga Insights
Flaherty & Crumrine (NYSE:FFC) announced a monthly dividend of 8.15 cents per share, with Tuesday being the last day for investors to be eligible for the next payout. The stock will go ex-dividend on Wednesday, likely opening 8.15 cents lower to reflect the payout. Shareholders owning FFC by the end of Tuesday's session will receive the dividend on December 29, 2023.
December 15, 2023 | 2:45 pm
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Flaherty & Crumrine declared a monthly dividend of 8.15 cents per share. The stock will trade ex-dividend on Wednesday, indicating a likely opening price drop by the dividend amount.
The stock price is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact directly related to the dividend announcement.
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