Ex-Dividend Date Insight: Pioneer Municipal High IT

Pioneer Municipal High IT MHI declared a dividend payable on November 30, 2020 to its shareholders as of November 6, 2020. It was also announced that shareholders of Pioneer Municipal High IT's stock as of November 17, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Pioneer Municipal High IT will be on November 16, 2020. The company's current dividend payout is at $0.05. That equates to a dividend yield of 5.44% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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 Pioneer Municipal High IT's Dividend Payouts And Yields

Over the past year, Pioneer Municipal High IT has seen its dividend payouts and yields climb upward overall. Last year (July 20, 2020), the company's payout sat at $0.04, which has since increased by $0.01. Pioneer Municipal High IT's dividend yield last year was 4.76%, which has since grown by 0.68%.
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.

Click here to find details on Pioneer Municipal High IT's previous dividends.