Monday Is Your Last Chance To Buy First Trust Energy Infr Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy First Trust Energy Infrastructure Fund (FIF) to be eligible for its monthly dividend payout of 10 cents per share. FIF will go ex-dividend on Tuesday, which will likely result in the stock opening 10 cents lower. The dividend will be paid on January 16, 2024, and investors can reinvest the dividends or use them otherwise.
December 28, 2023 | 2:45 pm
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First Trust Energy Infrastructure Fund (FIF) will pay a monthly dividend of 10 cents per share, with the ex-dividend date being Tuesday. The stock is expected to open lower by the dividend amount on that day.
The stock price of FIF is likely to decrease in the short term by the amount of the dividend payout, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is expected by the market. However, the impact is usually temporary and reflects the distribution of the dividend rather than a change in the company's fundamentals.
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