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 payout of 1.85 cents per share, with the ex-dividend date set for Tuesday. Investors must own the stock by the end of Monday to be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 1.85 cents lower on Tuesday to reflect the dividend payout.
January 11, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MFS Municipal IT will pay a monthly dividend of 1.85 cents per share, with shares expected to open lower by the same amount on the ex-dividend date, Tuesday.
The stock price of MFM is likely to decrease in the short term by the amount of the dividend payout, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is usually priced in by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100