Thursday Is Your Last Chance To Buy PIMCO Municipal Income Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PIMCO Municipal Income (NYSE:PMX) has announced that it will pay shareholders a monthly dividend of 3.3 cents per share. The stock will go ex-dividend on Friday, 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 October 02, 2023.
September 05, 2023 | 2:45 pm
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PIMCO Municipal Income (PMX) will pay a monthly dividend of 3.3 cents per share. The stock will go ex-dividend on Friday, which may cause the stock price to open lower.
The announcement of a dividend payout typically leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, the stock price usually drops on the ex-dividend date to reflect the payout. In this case, PMX's stock price is expected to open lower on Friday, the ex-dividend date.
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