Monday Is Your Last Chance To Buy MFS Charter Income Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MFS Charter Income (NYSE:MCR) has announced a monthly dividend payout of 4.59 cents per share. Monday is the last day for investors to buy MCR shares to be eligible for this dividend, with the ex-dividend date set for Tuesday. The stock is expected to open 4.59 cents lower on Tuesday to reflect the dividend payout. Eligible shareholders will receive the dividend on January 31, 2024.
January 11, 2024 | 2:45 pm
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MFS Charter Income (MCR) will pay a monthly dividend of 4.59 cents per share, with the ex-dividend date being this Tuesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock is likely to experience a short-term price drop equivalent to the dividend value on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence and is typically priced into the stock. However, the drop is usually temporary and the stock may recover as it reflects the company's ongoing value and dividend policy.
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