Monday Is Your Last Chance To Buy Mfs Intermediate High Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Mfs Intermediate High Inc (NYSE:CIF) will pay a monthly dividend of 1.47 cents per share, with the ex-dividend date being Tuesday. Shareholders owning CIF 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 1.47 cents lower on the ex-dividend date.
January 11, 2024 | 2:45 pm
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Mfs Intermediate High Inc will distribute a monthly dividend of 1.47 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
The stock price of CIF is likely to decrease by the amount of the dividend on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common occurrence and is typically priced into the market. However, the actual impact on the stock price can vary based on overall market conditions and investor sentiment.
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