PIMCO Dynamic Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
PIMCO Dynamic Income (NYSE:PDO) has announced a monthly dividend of 12.79 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own PDO as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on October 02, 2023.
September 05, 2023 | 2:45 pm
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PIMCO Dynamic Income's announcement of a monthly dividend of 12.79 cents per share will likely cause the stock to trade lower on Friday.
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, PDO's stock price is expected to decrease by 12.79 cents on Friday.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100