MidCap Financial's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MidCap Financial (NASDAQ:MFIC) announced a quarterly dividend of 38 cents per share, with the ex-dividend date set for Monday. Shareholders owning MFIC by the end of Friday's session will be eligible for the dividend payout, which will be distributed on June 29, 2023.
June 07, 2023 | 2:47 pm
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MidCap Financial's stock will likely trade lower on Monday due to the ex-dividend date, reflecting the 38 cents per share dividend payout.
The ex-dividend date is when a stock's price typically adjusts lower to account for the dividend payout. In this case, MidCap Financial's stock will likely open 38 cents lower on Monday, reflecting the 38 cents per share dividend. This short-term price adjustment is expected and should not be a cause for concern for long-term investors.
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