Monday Is Your Last Chance To Buy MFS Municipal IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MFS Municipal IT (NYSE:MFM) has announced a monthly dividend of 1.75 cents per share. The stock will go ex-dividend on Tuesday, meaning it will likely open 1.75 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 31, 2023.
October 12, 2023 | 2:46 pm
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MFS Municipal IT has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. The dividend will be paid out on October 31, 2023.
The announcement of a dividend payout often leads to a decrease in the stock price on the ex-dividend date, as the stock will trade lower to reflect the payout. This is a common occurrence in the stock market and is expected to impact MFM's stock price in the short term.
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