Monday Is Your Last Chance To Buy Mfs Investment Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Mfs Investment (NYSE:CXH) announced a monthly dividend of 2.2 cents per share, with Monday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Tuesday and is expected to open 2.2 cents lower to reflect the payout. The dividend will be paid on December 29, 2023.
December 14, 2023 | 2:45 pm
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Mfs Investment (CXH) will pay a 2.2 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date, Tuesday.
The stock is likely to open lower on the ex-dividend date as the dividend amount is subtracted from the stock's price, which is a common occurrence. The impact is significant as it directly relates to the stock's price movement and investor returns.
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