Feb. 13 at 4:55 PM
$MAGY Today it looks like MAGY went X-div for .298469 which is slightly (and I do mean slightly) above last week. The Divy is scheduled to be paid 2/17/26 with Monday being Presidents' Day.
MAGY continues the trend of the stock price dropping more than they are paying in dividends (distributions). I wish I could provide some sort of estimate on when this trend will break and the stock rice start recovering, but I have no idea in this economy.
Since the beginning of the year the stock is now down over 9%. They have paid
$2.36 in dividends (distributions) but the stock price is down over doubled what they paid out. There have been times when the magnificent 7 carried the market, obviously, this is not one of those times.