Tuesday marks the last chance for investors to receive the next dividend payout from BNY Mellon High Yield (NYSE:DHF).
What's Happening
The company announced on Wednesday that it would pay shareholders a monthly dividend of 1.8499999999999999 cents per share. On Wednesday, BNY Mellon High Yield will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 1.8499999999999999 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own DHF as of the end of Tuesday's session are eligible to receive the 1.8499999999999999 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on July 21, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Click here to find details on BNY Mellon High Yield's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
