Ex-Dividend Date Insight: Pioneer Muni High Inc

Pioneer Muni High Inc MAV declared a dividend payable on July 30, 2021 to its shareholders as of July 7, 2021. It was also announced that shareholders of Pioneer Muni High Inc's stock as of July 21, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Pioneer Muni High Inc, whose current dividend payout is $0.05, has an ex-dividend date set at July 20, 2021. The payout equates to a dividend yield of 4.84% at current price levels.

What Is 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 Muni High Inc's Dividend Performance

Over the past year, Pioneer Muni High Inc has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 17, 2021 the company's payout was $0.05, which has returned to its value today. Pioneer Muni High Inc's dividend yield last year was 5.39%, which has since decreased by 0.55%.
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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