BNY Mellon High Yield: Dividend Insights
Portfolio Pulse from Benzinga Insights
BNY Mellon High Yield (NYSE:DHF) will pay a monthly dividend of 1.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid out on December 20, 2023. The stock is expected to open 1.5 cents lower on the ex-dividend date to reflect the payout.
November 30, 2023 | 2:45 pm
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BNY Mellon High Yield (DHF) will distribute a 1.5 cents monthly dividend with the ex-dividend date approaching. The stock price is anticipated to open slightly lower by the amount of the dividend on the ex-dividend date.
The stock price of DHF is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date. The importance is moderate as dividends are a regular part of DHF's investment appeal, and the confidence in this analysis is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100