Wednesday Is Your Last Chance To Buy Pioneer High IT Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Pioneer High IT (NYSE:PHT) announced a monthly dividend of 5.5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, payable on February 29, 2024. The stock is expected to open 5.5 cents lower on the ex-dividend date.
February 12, 2024 | 2:45 pm
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Pioneer High IT announced a 5.5 cents per share monthly dividend, with shares expected to open lower by the same amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a temporary decrease in the stock price on the ex-dividend date, reflecting the payout amount. In this case, PHT is expected to open 5.5 cents lower, directly correlating with the dividend amount.
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