BNY Mellon High Yield: Dividend Insights
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 Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own DHF as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 25, 2023.
October 05, 2023 | 2:45 pm
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BNY Mellon High Yield (DHF) has announced a monthly dividend of 1.5 cents per share. The stock will likely trade lower on Tuesday to reflect the payout.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout, which reduces the company's retained earnings and overall value. Therefore, it is expected that DHF's stock price will trade lower on Tuesday.
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