Mfs High Inc Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mfs High Inc Municipal (NYSE:CXE) announced a monthly dividend of 1.3 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 1.3 cents lower on the ex-dividend date.
January 11, 2024 | 2:45 pm
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Mfs High Inc Municipal (CXE) will pay a monthly dividend of 1.3 cents per share, with the ex-dividend date being this Tuesday. The stock price is expected to open slightly lower by the amount of the dividend on the ex-dividend date.
The stock is likely to experience a short-term price drop equivalent to the dividend amount on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date and is typically a temporary adjustment.
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