Sprott Focus Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Sprott Focus Trust (NASDAQ:FUND) announced a quarterly dividend of 12.86 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, payable on March 28, 2024. The stock is expected to open lower by the dividend amount on the ex-dividend date.
March 08, 2024 | 2:45 pm
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Sprott Focus Trust announced a quarterly dividend of 12.86 cents per share, payable on March 28, 2024, to shareholders on record by the end of Tuesday. The stock will likely open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, FUND is likely to experience a short-term price decrease equivalent to the dividend amount.
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