MFS Charter Income's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MFS Charter Income (NYSE:MCR) has announced a monthly dividend of 4.47 cents per share. The ex-dividend date is Tuesday, meaning the stock will likely open 4.47 cents lower to reflect the payout. Shareholders owning MCR as of the end of Monday's session are eligible for the dividend, which will be paid out on September 29, 2023.
September 07, 2023 | 2:45 pm
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MFS Charter Income (MCR) has declared a monthly dividend of 4.47 cents per share. The stock is expected to open lower on the ex-dividend date, which is Tuesday.
MFS Charter Income (MCR) has announced a dividend payout, which typically results in the stock price adjusting lower on the ex-dividend date to reflect the payout. This is a common occurrence in the stock market and is expected to happen on Tuesday. Therefore, the short-term impact on the stock price is likely to be negative.
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