BNY Mellon Municipal Bond's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BNY Mellon Municipal Bond (NYSE:DMB) will go ex-dividend on Monday, with shareholders as of Friday's close eligible for a monthly dividend of 3 cents per share. The stock is expected to open 3 cents lower on Monday to reflect the payout. Dividends will be paid on January 02, 2024, and investors can reinvest or use the payment as they wish.
December 13, 2023 | 2:45 pm
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BNY Mellon Municipal Bond (DMB) will trade ex-dividend on Monday, with a dividend payout of 3 cents per share. Stock price is expected to open slightly lower by the dividend amount.
The ex-dividend date typically results in the stock price being adjusted downward by the amount of the dividend as the dividend value is no longer included in the stock price. Since DMB is paying out a dividend of 3 cents per share, the stock is likely to open 3 cents lower on the ex-dividend date.
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