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Ex-Dividend Date Insight: First Trust Energy Income

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On January 11, 2021, First Trust Energy Income (AMEX:FEN) announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for First Trust Energy Income will be on January 22, 2021. The company's current dividend payout is at $0.3. That equates to a dividend yield of 10.38% at current price levels.

The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

First Trust Energy Income's Dividend Payouts And Yields

Over the past year, First Trust Energy Income has seen its dividend payouts descend downward and yields trend upward. Last year on January 22, 2020 the company's payout sat at $0.58, which has since decreased by $0.28. First Trust Energy Income's dividend yield last year was 10.33%, which has since grown by 0.05%.
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.

To read more news on First Trust Energy Income click here.

 

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Posted-In: BZI-ExDivDividends

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