PIMCO Municipal Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
PIMCO Municipal Income (NYSE:PMX) has announced a monthly dividend of 3.3 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on January 02, 2024. The stock is expected to open 3.3 cents lower on the ex-dividend date to reflect the payout.
December 05, 2023 | 2:45 pm
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PIMCO Municipal Income (PMX) will pay a monthly dividend of 3.3 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date, Friday.
The stock price of PMX is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence with stocks on their ex-dividend date. The importance is moderate as dividends are a regular part of the stock's investment appeal, and the confidence is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100