PIMCO New York Municipal's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO New York Municipal (NYSE:PNF) has announced a monthly dividend of 3.35 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 3.35 cents lower to reflect the payout. Shareholders owning PNF as of the end of Tuesday's session are eligible for the dividend, which will be paid out on August 01, 2023.
July 07, 2023 | 2:45 pm
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PIMCO New York Municipal (PNF) has announced a monthly dividend of 3.35 cents per share. The stock will likely open lower on the ex-dividend date, Wednesday.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. Therefore, PNF's stock price is expected to open lower on Wednesday.
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