BNY Mellon Alcentra Glb's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BNY Mellon Alcentra Glb (NYSE:DCF) announced a monthly dividend of 3.5 cents per share, going ex-dividend on Wednesday. Shareholders owning DCF by the end of Tuesday are eligible for the payout on March 21, 2024.
March 01, 2024 | 2:45 pm
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BNY Mellon Alcentra Glb announced a monthly dividend of 3.5 cents per share, with the ex-dividend date set for Wednesday. Eligible shareholders must own the stock by the end of Tuesday to receive the payout on March 21, 2024.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price, as the decrease in stock price on the ex-dividend date is a mechanical adjustment. However, the news of a dividend can be positive for long-term investors, indicating the company's ability to generate and distribute earnings.
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