PIMCO New York Municipal's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO New York Municipal (NYSE:PYN) announced a monthly dividend of 2.48 cents per share, going ex-dividend on Friday. Shareholders owning PYN 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 New York Municipal (PYN) announced a monthly dividend of 2.48 cents per share, with the ex-dividend date set for Friday. Eligible shareholders will receive the dividend on March 01, 2024.
Dividend announcements typically have a neutral short-term impact on the stock price, as the decrease in price on the ex-dividend date is a mechanical adjustment. However, consistent dividends can be a positive signal to investors about the company's financial health.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100