First Trust/aberdeen Glb's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust/Aberdeen Global Opportunity Income Fund (NYSE:FAM) will go ex-dividend on Tuesday, with investors owning shares by Monday's close eligible for a 6 cents per share dividend. The dividend is payable on January 16, 2024. The stock is expected to open 6 cents lower on Tuesday to reflect the dividend payout.
December 28, 2023 | 2:45 pm
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First Trust/Aberdeen Global Opportunity Income Fund (FAM) will pay a monthly dividend of 6 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of FAM is likely to decrease in the short term by the amount of the dividend, as the ex-dividend date typically reflects the dividend payment. This is a common occurrence and is factored into the stock's trading price.
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