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.
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