Monday Is Your Last Chance To Buy MFS Intermediate IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MFS Intermediate IT (NYSE:MIN) has announced a monthly dividend of 2.05 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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NEGATIVE IMPACT
MFS Intermediate IT (NYSE:MIN) will pay a monthly dividend of 2.05 cents per share. The stock will likely open lower on Tuesday to reflect the payout.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, the stock price usually drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance, importance, and confidence are high as the news directly pertains to MIN and is significant for its shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100