First Trust Inter Dur: Dividend Insights

Monday marks the last chance for investors to receive the next dividend payout from First Trust Inter Dur (NYSE:FPF).

What's Happening

The company announced on Thursday that it would pay shareholders a monthly dividend of 11.25 cents per share. On Tuesday, First Trust Inter Dur will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 11.25 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, Tuesday. Shareholders who own FPF as of the end of Monday's session are eligible to receive the 11.25 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on November 15, 2022. 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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