PIMCO Income Strategy: Dividend Insights
Portfolio Pulse from Benzinga Insights
PIMCO Income Strategy (NYSE:PFN) announced it will pay a monthly dividend of 7.18 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 7.18 cents lower. Shareholders owning PFN as of the end of Tuesday's session will be 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 Income Strategy (PFN) will pay a monthly dividend of 7.18 cents per share. The stock will go ex-dividend on Wednesday, which may cause a short-term drop in the stock price.
The announcement of a dividend often leads to a short-term drop in the stock price as the stock goes ex-dividend. This is because the stock price is adjusted to reflect the payout. However, this is a regular event for dividend-paying stocks and is typically factored into the stock's price over the long term.
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