Monday Is Your Last Chance To Buy Mfs Intermediate High Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Mfs Intermediate High Inc (NYSE:CIF) announced a monthly dividend of 1.41 cents per share, with the ex-dividend date being Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on December 29, 2023. The stock is expected to open 1.41 cents lower on Tuesday to reflect the dividend payout.
December 14, 2023 | 2:45 pm
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Mfs Intermediate High Inc will pay a 1.41 cents per share dividend, with shares needing to be owned by Monday to be eligible. The stock will likely open lower by the dividend amount on Tuesday.
The stock is expected to open lower on the ex-dividend date, which is a common occurrence as the stock price adjusts for the dividend payout. This anticipated decrease is typically short-term and reflects the value of the dividend being paid out.
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