Monday Is Your Last Chance To Buy Mfs Investment Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Mfs Investment (NYSE:CXH) announced a monthly dividend of 2.3 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CXH by the end of Monday's session will be eligible for the dividend payout, which will be distributed on June 30, 2023.
June 08, 2023 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mfs Investment (CXH) will pay a 2.3 cents per share monthly dividend, with the ex-dividend date on Tuesday. Shareholders owning CXH by Monday's end will be eligible for the payout on June 30, 2023.
The announcement of the dividend payout is important for CXH shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 2.3 cents lower on the ex-dividend date, reflecting the payout. This is a common occurrence for stocks going ex-dividend and does not indicate a change in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100