First Trust High Income's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust High Income (NYSE:FSD) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a 10.5 cents per share dividend. The stock is expected to open 10.5 cents lower on Tuesday to reflect the payout, which will be distributed on January 16, 2024.
December 28, 2023 | 2:45 pm
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First Trust High Income (FSD) will pay a monthly dividend of 10.5 cents per share, with the ex-dividend date set for Tuesday. The stock price is anticipated to open lower by the dividend amount on that day.
The stock is expected to open lower on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence on ex-dividend dates and is typically reflected in a decrease in the stock price equivalent to the dividend amount.
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