MFS Intermediate IT's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MFS Intermediate IT (NYSE:MIN) has announced a monthly dividend of 2.09 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own MIN 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 Intermediate IT (NYSE:MIN) has announced a monthly dividend of 2.09 cents per share. The stock will likely trade lower on Tuesday to reflect the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. Therefore, it is expected that the stock price of MFS Intermediate IT will trade lower on Tuesday.
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