Understanding MFS Charter Income's Ex-Dividend Date

On February 1, 2021, MFS Charter Income MCR announced shareholders can expect to receive a dividend payable on February 26, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. MFS Charter Income has an ex-dividend date set for for February 16, 2021. The company's current dividend payout is $0.06, which equates to a dividend yield of 8.15% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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. Most ex-dividend dates operate 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 October 13, 2020 the company's payout was $0.06, which has returned to its value today. MFS Charter Income's dividend yield last year was 8.78%, which has since decreased by 0.63%.
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.

Click here to find details on MFS Charter Income's previous dividends.