Mfs High Yield Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mfs High Yield Municipal (NYSE:CMU) has announced a monthly dividend of 1.1 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders owning the stock by 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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Mfs High Yield Municipal (CMU) has announced a monthly dividend of 1.1 cents per share. The stock will likely trade lower on Tuesday as it goes ex-dividend.
The announcement of a dividend typically leads to a short-term increase in the stock price as investors buy in to qualify for the payout. However, the stock price usually drops on the ex-dividend date to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about CMU. The importance is 80 as dividends are a significant aspect of investment returns. The confidence is 90 as the impact of dividends on stock prices is well-documented.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100