Tuesday Is Your Last Chance To Buy PIMCO Corporate & Income Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PIMCO Corporate & Income (NYSE:PCN) has announced a monthly dividend of 11.25 cents per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on August 01, 2023.
July 07, 2023 | 2:46 pm
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PIMCO Corporate & Income has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. In this case, PCN is expected to open 11.25 cents lower on the ex-dividend date.
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