MFS Charter Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
MFS Charter Income (NYSE:MCR) has announced a monthly dividend of 4.52 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 4.52 cents lower. Shareholders who own MCR 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 | 2:46 pm
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MFS Charter Income (MCR) has announced a monthly dividend of 4.52 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 increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, MCR's stock price is expected to decrease by 4.52 cents when it goes ex-dividend on Tuesday.
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