Understanding BNY Mellon Municipal Bond's Ex-Dividend Date

On January 5, 2021, BNY Mellon Municipal Bond DMB declared a dividend payable on February 1, 2021 to its shareholders. BNY Mellon Municipal Bond also announced that shareholders on the company's books on or before January 21, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. BNY Mellon Municipal Bond, which has a current dividend per share of $0.05, has an ex-dividend date scheduled for January 20, 2021. That equates to a dividend yield of 4.57% at current price levels.

Understanding Ex-Dividend Dates'

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding BNY Mellon Municipal Bond's Dividend Performance

Over the past year, BNY Mellon Municipal Bond has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on September 17, 2020 the company's payout was $0.05, which has returned to its value today. BNY Mellon Municipal Bond's dividend yield last year was 4.61%, which has since decreased by 0.04%.
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.

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