Tuesday Is Your Last Chance To Buy BNY Mellon Alcentra Glb Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
BNY Mellon Alcentra Glb (NYSE:DCF) will pay a monthly dividend of 3.5 cents per share, with Tuesday being the last chance for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, likely opening 3.5 cents lower. Shareholders owning DCF by the end of Tuesday's session will receive the dividend on December 21, 2023.
December 01, 2023 | 2:45 pm
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BNY Mellon Alcentra Glb (DCF) is set to pay a 3.5 cents per share dividend. The stock will trade ex-dividend on Wednesday, indicating a likely opening price drop by the dividend amount.
The stock price of DCF is expected to drop by the amount of the dividend (3.5 cents) on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This anticipated price adjustment is typically short-term and reflects the direct impact of the dividend payout.
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