Understanding MFS Charter Income's Ex-Dividend Date

On January 4, 2021, MFS Charter Income MCR 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 Charter Income, whose current dividend payout is $0.06, has an ex-dividend date set at January 19, 2021. The payout equates to a dividend yield of 8.14% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

MFS Charter Income's Dividend Payouts And Yields

Over the past year, MFS Charter Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on September 15, 2020 the company's payout was $0.06, which has returned to its value today. MFS Charter Income's dividend yield last year was 8.32%, which has since decreased by 0.18%.
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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