Wednesday Is Your Last Chance To Buy Pioneer Municipal High IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Pioneer Municipal High IT (NYSE:MHI) announced a monthly dividend of 2.75 cents per share, with Wednesday being the last day for investors to be eligible for this payout. The stock will go ex-dividend on Thursday, likely opening 2.75 cents lower. The dividend will be paid on February 29, 2024, allowing investors to reinvest or use the payment as they see fit.
February 12, 2024 | 2:45 pm
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Pioneer Municipal High IT announced a monthly dividend of 2.75 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date, Thursday.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price to reflect the payout amount, as indicated by the stock opening lower on the ex-dividend date. This is a common market reaction to dividend payouts.
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