Friday Is Your Last Chance To Buy BNY Mellon Municipal Bond Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Friday is the last day for investors to buy BNY Mellon Municipal Bond (NYSE:DMB) to be eligible for its next dividend payout. The company announced a monthly dividend of 3 cents per share, with the ex-dividend date on Monday. Stocks will trade lower by the dividend amount on the ex-dividend date. The dividend will be paid on April 01, 2024.
March 13, 2024 | 2:45 pm
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BNY Mellon Municipal Bond (DMB) announces a monthly dividend of 3 cents per share, with the ex-dividend date this Monday. Dividend payment is scheduled for April 01, 2024.
The announcement of a dividend payout typically has a neutral short-term impact on the stock price, as the price adjusts down by the dividend amount on the ex-dividend date. However, the news may attract dividend investors, balancing the price adjustment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100