Tuesday Is Your Last Chance To Buy BNY Mellon Municipal Bond Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
BNY Mellon Municipal Bond (NYSE:DMB) has announced a monthly dividend of 4 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The dividend will be paid out on November 01, 2023.
October 13, 2023 | 2:45 pm
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BNY Mellon Municipal Bond (NYSE:DMB) has announced a monthly dividend of 4 cents per share. The stock will likely open 4 cents lower on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout.
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