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) announced a monthly dividend of 2.95 cents per share, going ex-dividend on Friday. Shareholders owning PZC by the end of Thursday are eligible for the dividend, payable on March 01, 2024.
February 06, 2024 | 2:45 pm
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PIMCO CA Muni Income Fund announces a monthly dividend of 2.95 cents per share, with the ex-dividend date set for Friday. Eligible shareholders must own the stock by Thursday, with the dividend payable on March 01, 2024.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price, as the decrease in price on the ex-dividend date is a mechanical adjustment. However, the commitment to returning value to shareholders can be viewed positively in the longer term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100