First Trust New Opps: Dividend Insights
Portfolio Pulse from Benzinga Insights
First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) announced a monthly dividend of 3.75 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, meaning it will trade lower by the dividend amount. The dividend is scheduled to be paid on February 15, 2024.
January 29, 2024 | 2:45 pm
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First Trust New Opportunities MLP & Energy Fund (FPL) will pay a monthly dividend of 3.75 cents per share, with the ex-dividend date set for Thursday. The stock price is expected to open lower by the dividend amount on that day.
The stock price of FPL is likely to decrease in the short term by the amount of the dividend as it goes ex-dividend. This is a common occurrence as the value of the dividend is accounted for in the stock price. The impact is direct and predictable, hence the high confidence score. However, the importance is not at the maximum because dividend adjustments are routine events for stocks with regular payouts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100