MFS Government Markets: Dividend Insights
Portfolio Pulse from Benzinga Insights
MFS Government Markets (NYSE:MGF) announced a monthly dividend of 2.04 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 2.04 cents lower on the ex-dividend date.
January 11, 2024 | 2:45 pm
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MFS Government Markets (MGF) will pay a monthly dividend of 2.04 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of MGF is likely to drop in the short term by the amount of the dividend 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 impact is usually temporary and the stock may recover as the market factors in the company's overall performance and dividend yield attractiveness.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100