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) will go ex-dividend on Friday, with shareholders as of Thursday's close eligible for a monthly dividend of 2.95 cents per share, payable on January 2, 2024. The stock is expected to open 2.95 cents lower on Friday to reflect the dividend payout.
December 05, 2023 | 2:45 pm
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PIMCO CA Muni Income Fund (PZC) will distribute a monthly dividend of 2.95 cents per share, with the ex-dividend date set for Friday. The stock price is expected to adjust downward by the dividend amount on the ex-dividend date.
The stock price of PZC is likely to decrease in the short term by the amount of the dividend as the ex-dividend date approaches, which is a common occurrence as the market adjusts for the payout. This is a routine event for stocks with regular dividends and is typically priced in by the market.
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