First Trust Inter Dur's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
First Trust Inter Dur (NYSE:FPF) announced a monthly dividend of 13.75 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, which will be paid on February 15, 2024. The stock is expected to open 13.75 cents lower on the ex-dividend date.
January 29, 2024 | 2:45 pm
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First Trust Inter Dur (FPF) will pay a 13.75 cents per share dividend, with the ex-dividend date on Thursday. The stock price is expected to open lower by the dividend amount on that day.
FPF's stock price is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the stock price adjusts for the dividend payout. This is a common occurrence and is typically priced in by the market.
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