BNY Mellon High Yield: Dividend Insights
Portfolio Pulse from Benzinga Insights
BNY Mellon High Yield (NYSE:DHF) announced a monthly dividend of 1.5 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning DHF by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 23, 2023.
June 02, 2023 | 2:46 pm
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BNY Mellon High Yield (DHF) will pay a 1.5 cents per share monthly dividend, with the ex-dividend date on Wednesday. Shareholders owning DHF by end of Tuesday will be eligible for the payout on June 23, 2023.
The announcement of a dividend payout is generally a positive signal for investors, but the impact on the stock price is neutral in the short term. The stock will likely open 1.5 cents lower on the ex-dividend date, reflecting the payout. However, this is a normal occurrence for dividend-paying stocks and does not indicate a negative or positive trend.
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