MidCap Financial's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MidCap Financial (NASDAQ:MFIC) has announced a quarterly dividend of 38 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 38 cents lower to reflect the payout. Shareholders who own MFIC as of the end of Friday's session are eligible to receive the dividend, which will be paid out on September 28, 2023.
September 06, 2023 | 2:45 pm
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MidCap Financial's stock is expected to open lower on Monday due to the ex-dividend date. The dividend will be paid out on September 28, 2023.
The ex-dividend date is the cutoff day to buy a stock and still receive its recently declared dividend. Stocks usually drop by the amount of the dividend on the ex-dividend date. In this case, MidCap Financial's stock is expected to open 38 cents lower on Monday, reflecting the 38 cents per share dividend. This could lead to a short-term decrease in the stock price.
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