Pioneer Municipal High's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Pioneer Municipal High (NYSE:MIO) announced a monthly dividend of 4.25 cents per share, with the ex-dividend date set for Thursday. Shareholders owning MIO by the end of Wednesday are eligible for the dividend, to be paid on February 29, 2024.
February 12, 2024 | 2:45 pm
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Pioneer Municipal High (MIO) announced a monthly dividend of 4.25 cents per share, with the ex-dividend date on Thursday. Eligible shareholders will receive the dividend on February 29, 2024.
Dividend announcements typically have a neutral to slightly positive impact on stock prices in the short term. However, since the dividend amount is relatively small and expected, the impact on MIO's stock price is likely to be neutral. The ex-dividend date effect (stock trading lower by the dividend amount) is a standard market adjustment and does not indicate a negative outlook on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100