PIMCO CA Muni Income Fund: Dividend Insights
Portfolio Pulse from Benzinga Insights
PIMCO CA Muni Income Fund (NYSE:PCK) will pay a monthly dividend of 2.15 cents per share. The ex-dividend date is Friday, meaning the stock will trade lower by the dividend amount. Shareholders owning PCK by the end of Thursday are eligible for the dividend, which will be paid on January 02, 2024.
December 05, 2023 | 2:45 pm
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PIMCO CA Muni Income Fund (PCK) will distribute a monthly dividend of 2.15 cents per share, with the ex-dividend date set for Friday. Eligible shareholders must own the stock by Thursday. The dividend payment is scheduled for January 02, 2024.
The announcement of a regular dividend payment typically does not have a significant impact on the stock price, as it is an expected event, especially for an income fund like PCK. However, the stock price may drop slightly on the ex-dividend date by the amount of the dividend, which is a normal market reaction.
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