MFS Government Markets: Dividend Insights
Portfolio Pulse from Benzinga Insights
MFS Government Markets (NYSE:MGF) has announced a monthly dividend of 2.02 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 2.02 cents lower. Shareholders who own MGF 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 Government Markets has announced a monthly dividend of 2.02 cents per share. The stock will go ex-dividend on Tuesday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, MGF's stock price is expected to drop by 2.02 cents on the ex-dividend date.
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