Pioneer Municipal High: Dividend Insights
Portfolio Pulse from Benzinga Insights
Pioneer Municipal High (NYSE:MIO) announced a monthly dividend of 4.85 cents per share, with the ex-dividend date set for Thursday. Shareholders owning MIO by the end of Wednesday are eligible for the dividend, payable on March 28, 2024. The stock is expected to open 4.85 cents lower on the ex-dividend date.
March 11, 2024 | 2:45 pm
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Pioneer Municipal High announced a monthly dividend of 4.85 cents per share, payable on March 28, 2024. The stock will likely open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, MIO is expected to open 4.85 cents lower on the ex-dividend date, directly impacting its stock price in the short term.
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