MFS Multimarket IT: Dividend Insights
Portfolio Pulse from Benzinga Insights
MFS Multimarket IT (NYSE:MMT) has announced a monthly dividend of 3.26 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning MMT as of the end of Monday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 07, 2023 | 2:45 pm
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NEUTRAL IMPACT
MFS Multimarket IT's dividend announcement may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the dividend payout could attract more investors, potentially leading to a price increase in the long run.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in MMT's stock price. However, the dividend payout could make the stock more attractive to income-focused investors, potentially leading to a price increase in the long run.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100