PIMCO Strategic Income's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO Strategic Income (NYSE:RCS) has announced a monthly dividend of 5.1 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 5.1 cents lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on August 01, 2023.
July 07, 2023 | 2:46 pm
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PIMCO Strategic Income (RCS) has announced a monthly dividend of 5.1 cents per share. The stock is expected to 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, as the stock price is adjusted to reflect the payout. Therefore, it is expected that the stock price of RCS will open lower on Wednesday.
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