Mfs High Inc Municipal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Mfs High Inc Municipal (NYSE:CXE) announced a monthly dividend of 1.5 cents per share, going ex-dividend on Tuesday. Shareholders owning CXE by Monday's end are eligible for the payout on March 28, 2024. The stock is expected to open 1.5 cents lower on Tuesday to reflect the dividend payout.
March 07, 2024 | 2:45 pm
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Mfs High Inc Municipal (CXE) will pay a monthly dividend of 1.5 cents per share, with the stock going ex-dividend on Tuesday. Eligible shareholders must own the stock by Monday. The payout is scheduled for March 28, 2024.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout value, as indicated by the expected opening price drop of 1.5 cents on the ex-dividend date. This is a common market reaction to dividend payouts.
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