PIMCO CA Muni Income Fund's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO CA Muni Income Fund (NYSE:PZC) has announced a monthly dividend of 2.95 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 2.95 cents lower to reflect the payout. Shareholders owning PZC as of the end of Thursday's session are eligible for the dividend, which will be paid out on October 02, 2023.
September 05, 2023 | 2:45 pm
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PIMCO CA Muni Income Fund (PZC) has declared a monthly dividend of 2.95 cents per share. The stock will likely open lower on the ex-dividend date, which is Friday.
PZC has announced a dividend payout, which typically results in the stock price adjusting downwards on the ex-dividend date to reflect the payout. This is a common occurrence and does not necessarily indicate a negative outlook for the stock. However, in the short term, the stock price is likely to decrease.
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