Monday Is Your Last Chance To Buy MFS Charter Income Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
MFS Charter Income (NYSE:MCR) announced a monthly dividend of 4.57 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the dividend, to be paid on March 28, 2024. The stock is expected to open 4.57 cents lower on the ex-dividend date.
March 07, 2024 | 2:45 pm
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MFS Charter Income announced a monthly dividend of 4.57 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 on the ex-dividend date, reflecting the payout amount. In this case, MCR's stock is expected to open 4.57 cents lower on Tuesday, directly correlating with the dividend amount announced.
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