PIMCO Global Stocksplus's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO Global Stocksplus (NYSE:PGP) announced it will pay a monthly dividend of 6.9 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 6.9 cents lower. Shareholders owning PGP as of the end of Tuesday's session are eligible for the dividend payout. The dividend will be paid out on August 01, 2023.
July 07, 2023 | 2:45 pm
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PIMCO Global Stocksplus (PGP) will pay a monthly dividend of 6.9 cents per share. The stock will go ex-dividend on Wednesday, which may cause the stock to open lower.
The announcement of a dividend payout usually leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend as the company's assets decrease by the amount of the dividend payout. Therefore, PGP's stock price is likely to decrease in the short term.
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