Mfs Investment's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mfs Investment (NYSE:CXH) has announced a monthly dividend of 2.2 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 2.2 cents lower to reflect the payout. Shareholders who own CXH as of the end of Monday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 07, 2023 | 2:45 pm
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Mfs Investment's stock will likely open lower on Tuesday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
The stock price is expected to decrease by the amount of the dividend on the ex-dividend date. This is a standard practice and does not indicate any underlying issues with the company. The dividend payout can be seen as a positive sign of the company's profitability and its commitment to returning capital to shareholders.
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