First Trust Senior's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Senior (NYSE:FCT) announced a monthly dividend of 9.7 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 16, 2024. The stock is expected to open 9.7 cents lower on the ex-dividend date.
December 28, 2023 | 2:45 pm
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First Trust Senior (FCT) will likely see its stock price open lower by the amount of the dividend (9.7 cents) on the ex-dividend date.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend value is factored out of the stock price. Since FCT announced a dividend of 9.7 cents, it is expected to open lower by that amount, which is a standard market reaction.
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