Mfs High Yield Municipal's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mfs High Yield Municipal (NYSE:CMU) announced a monthly dividend of 1.1 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CMU 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 | 2:48 pm
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Mfs High Yield Municipal (CMU) will go ex-dividend on Tuesday, with a monthly dividend of 1.1 cents per share. Shareholders owning CMU by the end of Monday's session will be eligible for the payout on June 30, 2023.
The announcement of the dividend payout and ex-dividend date is important for CMU shareholders. However, the short-term impact on the stock price is neutral, as the stock will likely open 1.1 cents lower to reflect the payout, which is a common occurrence for stocks going ex-dividend.
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