Mfs High Inc Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mfs High Inc Municipal (NYSE:CXE) announced a monthly dividend of 1.4 cents per share, going ex-dividend on Tuesday. Shareholders owning the stock by Monday are eligible for the payout on February 29, 2024. The stock is expected to open 1.4 cents lower on Tuesday to reflect the dividend payout.
February 08, 2024 | 2:45 pm
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Mfs High Inc Municipal announced a monthly dividend of 1.4 cents per share, with the stock going ex-dividend on Tuesday. This will likely cause the stock to open 1.4 cents lower on that day.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount, as the stock goes ex-dividend. In this case, CXE's stock is expected to open 1.4 cents lower on the ex-dividend date, reflecting the dividend payout.
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