Mfs High Yield Municipal's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mfs High Yield Municipal (NYSE:CMU) will go ex-dividend on Tuesday, with the last chance for investors to receive the next dividend payout being Monday. The dividend is set at 1.15 cents per share and will be paid out on January 31, 2024. Shareholders must own the stock before the ex-dividend date to be eligible for the dividend. The stock is expected to open 1.15 cents lower on Tuesday to reflect the dividend payout.
January 11, 2024 | 2:45 pm
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Mfs High Yield Municipal will pay a monthly dividend of 1.15 cents per share, with the ex-dividend date being Tuesday. The stock price is expected to open slightly lower by the dividend amount on that day.
The stock is likely to open lower on the ex-dividend date by the amount of the dividend, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a predictable short-term impact directly related to the dividend payout.
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