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 March 28, 2024. The stock is expected to open 1.48 cents lower on Tuesday to reflect the dividend payout.
March 07, 2024 | 2:45 pm
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Mfs Intermediate High Inc (CIF) will pay a 1.48 cents/share dividend, with shares expected to open lower by the same amount on the ex-dividend date, Tuesday.
The stock price of CIF is likely to decrease in the short term due to the dividend payout adjustment. This is a common occurrence on ex-dividend dates as the stock price is adjusted to reflect the dividend payment.
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