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) announced a monthly dividend of 1.48 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning CIF by the end of Monday are eligible for the dividend, payable on February 29, 2024. The stock is expected to open 1.48 cents lower on the ex-dividend date.
February 08, 2024 | 2:45 pm
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Mfs Intermediate High Inc announced a monthly dividend of 1.48 cents per share, payable on February 29, 2024, to shareholders on record by the end of Monday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, CIF's stock is likely to experience a minor drop as it opens 1.48 cents lower on the ex-dividend date, reflecting the dividend payout.
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IMPORTANCE 75
RELEVANCE 100