Pioneer High IT: Dividend Insights
Portfolio Pulse from Benzinga Insights
Pioneer High IT (NYSE:PHT) has announced a monthly dividend of 5.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower to reflect the payout. Shareholders who own PHT 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 High IT has announced a monthly dividend of 5.5 cents per share. The stock will likely open lower on Tuesday to reflect the payout.
The announcement of a dividend usually leads to a decrease in the stock price as the stock goes ex-dividend. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that PHT's stock price will open lower on Tuesday.
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