Ex-Dividend Date Insight: MFS Intermediate IT

On January 4, 2021, MFS Intermediate IT MIN announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. MFS Intermediate IT, which has a current dividend per share of $0.03, has an ex-dividend date scheduled for January 19, 2021. That equates to a dividend yield of 8.82% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding MFS Intermediate IT's Dividend History

Over the past year, MFS Intermediate IT has seen its dividend payouts remain the same and its yields trend downward. Last year on September 15, 2020 the company's payout sat at $0.03, which has returned to its value today. MFS Intermediate IT's dividend yield last year was 8.93%, which has since decreased by 0.11%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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