Pcm Fund's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PCM Fund (NYSE:PCM) announced its ex-dividend date as Friday, with a dividend payout of 8 cents per share. Shareholders owning the stock by the end of Thursday are eligible for the dividend, to be paid on March 01, 2024. The stock is expected to open 8 cents lower on the ex-dividend date.
February 06, 2024 | 2:45 pm
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PCM Fund announced an 8 cents per share dividend, with the ex-dividend date this Friday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of the dividend and the subsequent ex-dividend date directly impacts PCM's stock price, as it is expected to open lower by the dividend amount. This is a common occurrence when stocks go ex-dividend, reflecting the payout deduction from the company's assets.
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