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Understanding BNY Mellon Municipal Bond's Ex-Dividend Date

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BNY Mellon Municipal Bond (NYSE:DMB) declared a dividend payable on May 3, 2021 to its shareholders as of April 5, 2021. It was also announced that shareholders of BNY Mellon Municipal Bond's stock as of April 20, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. BNY Mellon Municipal Bond has an ex-dividend date set for for April 19, 2021. The company's current dividend payout is $0.05, which equates to a dividend yield of 4.47% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.

Understanding BNY Mellon Municipal Bond's Dividend History

Over the past year, BNY Mellon Municipal Bond has seen its dividend payouts remain the same and its yields trend downward. Last year on December 16, 2020 the company's payout sat at $0.05, which has returned to its value today. BNY Mellon Municipal Bond's dividend yield last year was 4.56%, which has since decreased by 0.09%.
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 about BNY Mellon Municipal Bond click here.

 

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Posted-In: BZI-ExDivDividends

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