Monday Is Your Last Chance To Buy MFS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy MFS Municipal IT (NYSE:MFM) shares to be eligible for the next dividend payout of 1.8 cents per share. The stock will go ex-dividend on Tuesday, and the dividend will be paid out on June 30, 2023.
June 08, 2023 | 2:45 pm
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MFS Municipal IT (NYSE:MFM) will go ex-dividend on Tuesday, with the stock likely to open 1.8 cents lower. Investors must own shares by the end of Monday to be eligible for the 1.8 cents per share dividend payout.
The stock price of MFS Municipal IT (NYSE:MFM) is expected to open lower on Tuesday due to the ex-dividend status. Investors who own shares by the end of Monday will be eligible for the dividend payout, which may lead to increased buying pressure on Monday. However, the stock is likely to open lower on Tuesday as it adjusts for the dividend payout, resulting in a short-term negative impact on the stock price.
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