Pcm Fund: Dividend Insights
Portfolio Pulse from Benzinga Insights
Pcm Fund (NYSE:PCM) announced it will pay shareholders a monthly dividend of 8 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 8 cents lower. Shareholders who own PCM as of the end of Tuesday's session are eligible to receive the dividend payout. The dividend will be paid out on August 01, 2023.
July 07, 2023 | 2:46 pm
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Pcm Fund's announcement of an 8 cents per share dividend may cause the stock to open lower on the ex-dividend day, Wednesday. However, this is a regular part of the dividend process and not necessarily a negative indicator.
When a company announces a dividend, the stock price typically adjusts down on the ex-dividend date by the amount of the dividend. This is a standard part of the dividend process and does not necessarily indicate a negative outlook for the stock. Investors who hold the stock until the ex-dividend date will receive the dividend, which they can choose to reinvest or use in another way.
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