Market Overview

Understanding Pioneer Municipal High IT's Ex-Dividend Date

Share:

 

On January 7, 2021, Pioneer Municipal High IT (NYSE:MHI) announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Pioneer Municipal High IT will be on January 19, 2021. The company's current dividend payout is at $0.05. That equates to a dividend yield of 5.06% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Pioneer Municipal High IT's Dividend Performance

Over the past year, Pioneer Municipal High IT has experienced an overall upward trend regarding its dividend payouts and yields. Last year on September 15, 2020 the company's payout was $0.04, which has since grown by $0.01. Similarly, Pioneer Municipal High IT's dividend yield in last year was 4.58%, which has since grown by 0.48%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

To read more news on Pioneer Municipal High IT click here.

 

Related Articles (MHI)

View Comments and Join the Discussion!

Posted-In: BZI-ExDivNews Dividends Intraday Update Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com