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) announced a monthly dividend of 1.25 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, payable on February 29, 2024. The stock is expected to open 1.25 cents lower on the ex-dividend date.
February 08, 2024 | 2:45 pm
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Mfs High Yield Municipal (CMU) announced a monthly dividend of 1.25 cents per share, payable on February 29, 2024. The stock will likely 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 by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, CMU is expected to open 1.25 cents lower, directly correlating with the dividend amount announced.
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