MFS Municipal IT's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
MFS Municipal IT (NYSE:MFM) announced a monthly dividend of 2.05 cents per share, going ex-dividend on Tuesday. Shareholders owning MFM by the end of Monday are eligible for the dividend, payable on March 28, 2024. The stock is expected to open 2.05 cents lower on Tuesday to reflect the payout.
March 07, 2024 | 2:45 pm
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MFS Municipal IT announced a monthly dividend of 2.05 cents per share, with the stock going ex-dividend on Tuesday. It's expected to open lower by the dividend amount.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount, as the stock goes ex-dividend. This is a standard market reaction to dividend payouts.
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