First Trust Enhanced's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Enhanced (NYSE:FFA) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a quarterly dividend of 31.5 cents per share. The stock is expected to open 31.5 cents lower on Friday to reflect the dividend payout. The dividend will be paid on December 29, 2023.
December 19, 2023 | 2:45 pm
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First Trust Enhanced (FFA) will pay a quarterly dividend of 31.5 cents per share, with the ex-dividend date set for Friday. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price of FFA is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is significant for dividend investors and those tracking the stock price, but it is a routine adjustment and does not reflect a change in the company's fundamentals.
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