Wednesday Is Your Last Chance To Buy First Trust/aberdeen Glb Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
First Trust/Aberdeen Glb (NYSE:FAM) announced a monthly dividend of 6 cents per share, with Wednesday being the last day for investors to buy the stock and 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/Aberdeen Glb (FAM) will pay a 6 cents per share dividend, with the ex-dividend date being Thursday. The stock is expected to open lower by the dividend amount on that day.
The stock price of FAM is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact due to the mechanics of dividend payments.
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