MFS Multimarket IT: Dividend Insights
Portfolio Pulse from Benzinga Insights
MFS Multimarket IT (NYSE:MMT) has announced a monthly dividend of 3.29 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning MMT as of the end of Monday's session are eligible for the dividend, which will be paid out on July 31, 2023.
July 13, 2023 | 2:45 pm
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MFS Multimarket IT's announcement of a monthly dividend of 3.29 cents per share will likely cause the stock to trade lower on Tuesday when it goes ex-dividend.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. As MFS Multimarket IT has announced a dividend of 3.29 cents per share, it is expected that the stock will open lower on Tuesday, the ex-dividend date. This is a common occurrence in the stock market and is directly related to the dividend announcement.
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