BNY Mellon High Yield: Dividend Insights
Portfolio Pulse from Benzinga Insights
BNY Mellon High Yield (NYSE:DHF) announced a monthly dividend of 1.75 cents per share, with the ex-dividend date set for Monday. Shareholders owning DHF by the end of Friday's session will be eligible for the dividend, to be paid on April 01, 2024. The stock is expected to open 1.75 cents lower on the ex-dividend date.
March 06, 2024 | 2:45 pm
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BNY Mellon High Yield (DHF) announces a monthly dividend of 1.75 cents per share, payable on April 01, 2024, to shareholders on record by the end of Friday. The stock will likely open lower by 1.75 cents on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, DHF is expected to open 1.75 cents lower on the ex-dividend date, indicating a short-term negative impact on the stock price.
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