Monday Is Your Last Chance To Buy BNY Mellon High Yield Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Monday is the last day for investors to buy BNY Mellon High Yield (NYSE:DHF) to be eligible for its monthly dividend payout of 1.5 cents per share. The stock will go ex-dividend on Tuesday, meaning it will trade lower by the dividend amount. Shareholders owning DHF by the end of Monday will receive the dividend on January 11, 2024.
December 21, 2023 | 2:45 pm
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BNY Mellon High Yield (DHF) will pay a monthly dividend of 1.5 cents per share, with shares going ex-dividend on Tuesday. The stock price is expected to open 1.5 cents lower on the ex-dividend date.
The stock is likely to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payout is factored into the stock price. However, the impact is typically short-lived and the stock may recover as investors reinvest dividends or new investors see a buying opportunity.
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