Tuesday Is Your Last Chance To Buy PIMCO Income Strategy Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PIMCO Income Strategy (NYSE:PFL) has announced a monthly dividend of 8.14 cents per share. Tuesday is the last day for investors to buy the stock and be eligible for the next dividend payout. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. The dividend will be paid out to shareholders on August 01, 2023.
July 07, 2023 | 2:45 pm
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NEGATIVE IMPACT
PIMCO Income Strategy (NYSE:PFL) is set to pay a monthly dividend of 8.14 cents per share. The stock will likely trade lower on Wednesday as it goes ex-dividend.
The announcement of a dividend payout usually leads to an increase in the stock's price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, it typically trades lower to reflect the payout, which is why the score is -1. The relevance is 100 as the news is directly about PFL. The importance is 80 as dividends are a significant part of a company's appeal to investors. The confidence is 90 based on the typical behavior of stocks around dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100