Monday Is Your Last Chance To Buy MFS Government Markets Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MFS Government Markets (NYSE:MGF) announced a monthly dividend payout of 2.01 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning MGF by the end of Monday are eligible for the dividend, which will be paid on March 28, 2024. The stock is expected to open 2.01 cents lower on Tuesday to reflect the payout.
March 07, 2024 | 2:45 pm
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MFS Government Markets announced a monthly dividend of 2.01 cents per share, with the ex-dividend date on Tuesday. 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 stock price adjusts to reflect the payout. In this case, MGF is expected to open 2.01 cents lower on Tuesday, directly correlating with the dividend amount.
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