Thursday Is Your Last Chance To Buy PIMCO California Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PIMCO California (NYSE:PCQ) has announced a monthly dividend of 3.6 cents per share, with Thursday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Friday and is expected to open 3.6 cents lower to reflect the payout. Shareholders owning PCQ by the end of Thursday will receive the dividend on January 02, 2024.

December 05, 2023 | 2:45 pm
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NEUTRAL IMPACT
PIMCO California (NYSE:PCQ) will pay a 3.6 cents monthly dividend per share. Investors must own the stock by Thursday to be eligible, with the ex-dividend date on Friday and payment on January 02, 2024.
The announcement of a dividend typically has a neutral to positive impact on a stock's price in the short term, as it attracts dividend investors. However, the stock is expected to open lower on the ex-dividend date to reflect the dividend payout, which is a standard practice and should not alarm investors. The importance is rated high due to the direct financial benefit to shareholders, but the score remains neutral as the price adjustment is expected and already factored in by the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100