BNY Mellon High Yield's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BNY Mellon High Yield (NYSE:DHF) has announced a monthly dividend of 1.5 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders who own DHF as of the end of Friday's session are eligible to receive the dividend, which will be paid out on July 25, 2023.
July 05, 2023 | 2:46 pm
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BNY Mellon High Yield (DHF) has announced a monthly dividend of 1.5 cents per share. The stock will go ex-dividend on Monday, which will likely cause the stock to open lower.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price usually decreases by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, DHF is expected to open lower on Monday, the ex-dividend date.
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