Monday Is Your Last Chance To Buy BNY Mellon High Yield Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
BNY Mellon High Yield (NYSE:DHF) announced a monthly dividend payout of 1.5 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning DHF by the end of Monday's session will be eligible for the dividend, to be paid on February 22, 2024. The stock is expected to open 1.5 cents lower on the ex-dividend date.
February 01, 2024 | 2:46 pm
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BNY Mellon High Yield (DHF) will pay a 1.5 cents per share dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The expected opening price drop of 1.5 cents on the ex-dividend date is a direct consequence of the dividend payout, reflecting the transfer of value from the company to its shareholders. This short-term price adjustment is typical around ex-dividend dates and is likely to cause a temporary decrease in DHF's stock price.
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