Monday Is Your Last Chance To Buy Pioneer Muni High Inc Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Pioneer Muni High Inc (NYSE:MAV) has announced a monthly dividend of 2.75 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own MAV as of the end of Monday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 12, 2023 | 2:45 pm
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Pioneer Muni High Inc (NYSE:MAV) will pay a monthly dividend of 2.75 cents per share. The stock will go ex-dividend on Tuesday, which may cause a short-term decrease in the stock price.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is because the dividend payout is a transfer of value from the company to the shareholders. Therefore, the stock price is expected to decrease by roughly the amount of the dividend. In this case, Pioneer Muni High Inc's stock price may decrease by 2.75 cents per share in the short term.
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