Ex-Dividend Date Insight: First Trust Inter Dur

On June 21, 2021, First Trust Inter Dur FPF declared a dividend payable on July 15, 2021 to its shareholders. First Trust Inter Dur also announced that shareholders on the company's books on or before July 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. First Trust Inter Dur has an ex-dividend date planned for July 1, 2021. The company's current dividend payout sits at $0.13. That equates to a dividend yield of 6.12% at current price levels.

The Significance Of Ex-Dividend Dates

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.

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 March 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 6.35%, which has since decreased by 0.23%.
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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