Ex-Dividend Date Insight: MFS Charter Income
MFS Charter Income (NYSE:MCR) declared a dividend payable on February 26, 2021 to its shareholders as of February 1, 2021. It was also announced that shareholders of MFS Charter Income's stock as of February 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. MFS Charter Income, which has a current dividend per share of $0.06, has an ex-dividend date scheduled for February 16, 2021. That equates to a dividend yield of 8.15% 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 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.
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