First Trust Senior's Ex-Dividend Date Is Thursday, 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 Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, payable on February 15, 2024. The stock is expected to open 9.7 cents lower on the ex-dividend date.
January 29, 2024 | 2:45 pm
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First Trust Senior (FCT) will likely see its stock price adjust downward by the amount of the dividend (9.7 cents) on the ex-dividend date.
Stock prices 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 is paying out a 9.7 cents dividend, it's expected that the stock will open lower by a corresponding amount, reflecting the distribution of the dividend to eligible shareholders.
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