Thursday Is Your Last Chance To Buy PIMCO New York Municipal Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PIMCO New York Municipal (NYSE:PYN) will pay a monthly dividend of 2.48 cents per share, with the ex-dividend date set for Friday. Shareholders must own the stock before the ex-dividend date to receive the dividend, which will be paid on January 02, 2024. The stock is expected to open 2.48 cents lower on the ex-dividend date.
December 05, 2023 | 2:45 pm
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PIMCO New York Municipal (PYN) will distribute a 2.48 cents/share dividend. The stock will likely open lower by the dividend amount on the ex-dividend date.
Stocks typically drop by the amount of the dividend on the ex-dividend date as the dividend value is factored out of the stock price. Since PYN is expected to open 2.48 cents lower on the ex-dividend date, this represents a direct, albeit small, impact on the stock's price.
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