MFS Municipal IT: Dividend Insights
Portfolio Pulse from Benzinga Insights
MFS Municipal IT (NYSE:MFM) announced a monthly dividend of 1.95 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 1.95 cents lower on the ex-dividend date.
February 08, 2024 | 2:45 pm
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MFS Municipal IT announced a monthly dividend of 1.95 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 payout is factored into the stock's price. In this case, MFM is expected to open 1.95 cents lower, reflecting the dividend payout.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100