Analyzing First Trust High Income's Ex-Dividend Date


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First Trust High Income (NYSE:FSD) declared a dividend payable on April 15, 2021 to its shareholders as of March 22, 2021. It was also announced that shareholders of First Trust High Income's stock as of April 5, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. First Trust High Income, whose current dividend payout is $0.11, has an ex-dividend date set at April 1, 2021. The payout equates to a dividend yield of 8.91% at current price levels.

What Are Ex-Dividend Dates?

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An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

First Trust High Income's Dividend Performance

Over the past year, First Trust High Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 1, 2020 the company's payout was $0.11, which has returned to its value today. First Trust High Income's dividend yield last year was 9.28%, which has since decreased by 0.37%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: DividendsBZI-ExDiv