MFS Intermediate IT's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MFS Intermediate IT (NYSE:MIN) will go ex-dividend on Tuesday, with shareholders as of Monday's close eligible for a monthly dividend payout of 2.06 cents per share. The stock is expected to open 2.06 cents lower on Tuesday to reflect the dividend payment, which will be distributed on January 31, 2024.
January 11, 2024 | 2:46 pm
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MFS Intermediate IT will pay a monthly dividend of 2.06 cents per share, with the ex-dividend date set for Tuesday. The stock price is expected to open 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, as the value of the dividend is no longer included in the stock price. This is a common and expected short-term impact on a stock's price on its ex-dividend date.
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