PIMCO High Income Fund: Dividend Insights
Portfolio Pulse from Benzinga Insights
PIMCO High Income Fund (NYSE:PHK) has announced a monthly dividend of 4.8 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 4.8 cents lower. Shareholders who own PHK as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 01, 2023.
July 07, 2023 | 2:45 pm
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PIMCO High Income Fund has announced a monthly dividend of 4.8 cents per share. The stock will go ex-dividend on Wednesday, and the dividend will be paid out on August 01, 2023.
The announcement of the dividend and the ex-dividend date will likely cause the stock price to drop by the amount of the dividend (4.8 cents) on Wednesday. This is a common occurrence when stocks go ex-dividend, as the price adjusts to reflect the payout.
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