First Trust Energy I&G's Ex-Dividend Date Is Monday, Here's What You Need To Know

Friday marks the last chance for investors to receive the next dividend payout from First Trust Energy I&G (AMEX:FEN).

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 30 cents per share. On Monday, First Trust Energy I&G will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 30 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own FEN as of the end of Friday's session are eligible to receive the 30 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on January 31, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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