Monday Is Your Last Chance To Buy MFS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MFS Municipal IT (NYSE:MFM) has announced a monthly dividend of 1.75 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on September 29, 2023.
September 07, 2023 | 2:45 pm
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MFS Municipal IT has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. This could impact short-term trading strategies.
When a company announces a dividend, the stock price typically drops by the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. Therefore, the stock price is expected to decrease in the short term.
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