Mfs High Yield Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mfs High Yield Municipal (NYSE:CMU) announced a monthly dividend of 1.35 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the payout on March 28, 2024. The stock is expected to open 1.35 cents lower on the ex-dividend date.
March 07, 2024 | 2:45 pm
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Mfs High Yield Municipal (CMU) announced a monthly dividend of 1.35 cents per share, payable on March 28, 2024, to shareholders of record by the end of Monday. 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 equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, CMU's stock is likely to open lower by 1.35 cents on the ex-dividend date, indicating a short-term negative impact.
CONFIDENCE 90
IMPORTANCE 80
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