Mfs High Yield Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mfs High Yield Municipal (NYSE:CMU) has announced a monthly dividend of 1.05 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 1.05 cents lower. Shareholders who own CMU as of the end of Monday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 13, 2023 | 2:45 pm
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Mfs High Yield Municipal (NYSE:CMU) has announced a monthly dividend of 1.05 cents per share. The stock will go ex-dividend on Tuesday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term decrease in the stock price as the stock goes ex-dividend. This is because the stock price is adjusted to reflect the payout of the dividend. In this case, Mfs High Yield Municipal's stock price will likely open 1.05 cents lower on Tuesday.
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