First Trust Energy I&G's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Energy I&G (AMEX:FEN) announced a quarterly dividend of 30 cents per share, with the ex-dividend date set for Monday. Shareholders owning FEN before the ex-dividend date are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 30 cents lower on the ex-dividend date.
January 17, 2024 | 2:45 pm
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First Trust Energy I&G (FEN) will pay a quarterly dividend of 30 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date.
The stock price of FEN is expected to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payment is accounted for in the stock price. The importance is high for dividend investors, but moderate overall as price adjustments for dividends are expected and typically do not indicate a change in company fundamentals.
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