FIRST TRUST HIGH YIELD's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
FIRST TRUST HIGH YIELD (NYSE:FTHY) will go ex-dividend on Tuesday, with the last chance for investors to receive the next dividend payout being Monday. The company will pay a monthly dividend of 13 cents per share, which will be distributed on January 25, 2024. The stock is expected to open 13 cents lower on the ex-dividend date.
December 28, 2023 | 2:45 pm
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FIRST TRUST HIGH YIELD (NYSE:FTHY) will pay a 13 cents per share dividend on January 25, 2024. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of FTHY is expected to decrease in the short term by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced in by the market.
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