Understanding First Trust Inter Dur's Ex-Dividend Date

On May 20, 2021, First Trust Inter Dur FPF declared a dividend payable on June 15, 2021 to its shareholders. First Trust Inter Dur also announced that shareholders on the company's books on or before June 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for First Trust Inter Dur will be on June 1, 2021. The company's current dividend payout is at $0.13. That equates to a dividend yield of 6.22% at current price levels.

What Is An Ex-Dividend Date?

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.

Understanding First Trust Inter Dur's Dividend Performance

Over the past year, First Trust Inter Dur has seen its dividend payouts remain the same and its yields trend downward. Last year on February 1, 2021 the company's payout sat at $0.13, which has returned to its value today. First Trust Inter Dur's dividend yield last year was 6.56%, which has since decreased by 0.34%.
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.

Click here to find details on First Trust Inter Dur's previous dividends.