PIMCO Corporate & Income: Dividend Insights
Portfolio Pulse from Benzinga Insights
PIMCO Corporate & Income (NYSE:PCN) announced a monthly dividend of 11.25 cents per share, with the ex-dividend date set for Friday. Shareholders owning PCN by the end of Thursday's session will be eligible for the dividend, to be paid on March 01, 2024.
February 06, 2024 | 2:45 pm
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NEUTRAL IMPACT
PIMCO Corporate & Income (PCN) will pay a monthly dividend of 11.25 cents per share, with the ex-dividend date this Friday. Eligible shareholders must own the stock by Thursday.
The announcement of a dividend payout typically has a neutral short-term impact on a stock's price. While the ex-dividend date might lead to a slight adjustment in stock price to reflect the payout, this is a regular occurrence for dividend-paying stocks and is usually anticipated by the market. Therefore, the impact on PCN's stock price in the short term is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100