Franklin Universal Tr's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Franklin Universal Trust (NYSE:FT) has announced a monthly dividend of 4.25 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 4.25 cents lower on the ex-dividend date.
January 15, 2024 | 2:45 pm
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Franklin Universal Trust (NYSE:FT) will pay a monthly dividend of 4.25 cents per share, with the ex-dividend date being this Thursday. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is likely to drop 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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