Ex-Dividend Date Insight: First Trust High Income

First Trust High Income FSD declared a dividend payable on November 16, 2020 to its shareholders as of October 20, 2020. It was also announced that shareholders of First Trust High Income's stock as of November 3, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. First Trust High Income, which has a current dividend payout of $0.11, has an ex-dividend date scheduled for November 2, 2020. That equates to a dividend yield of 9.52% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

Understanding First Trust High Income's Dividend Payouts And Yields

Over the past year, First Trust High Income has seen its dividend payouts remain the same and its yields trend downward. Last year on July 1, 2020 the company's payout sat at $0.11, which has returned to its value today. First Trust High Income's dividend yield last year was 9.76%, which has since decreased by 0.24%.
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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Posted In: Dividends

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