PIMCO Corporate & Income's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO Corporate & Income (NYSE:PTY) announced it will pay a monthly dividend of 11.88 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders owning PTY as of the end of Tuesday's session are eligible to receive the dividend. The dividend will be paid out on August 01, 2023.
July 07, 2023 | 2:45 pm
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PIMCO Corporate & Income's dividend announcement may lead to a short-term decrease in the stock price as it goes ex-dividend. However, the regular dividend payout could be attractive to income-focused investors.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in PTY's stock price. However, the regular dividend payout could be seen as a positive by income-focused investors, potentially offsetting any short-term negative impact.
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