PIMCO Municipal Income's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
PIMCO Municipal Income (NYSE:PMX) announced a monthly dividend of 3.3 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, payable on March 01, 2024.
February 06, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
PIMCO Municipal Income announces a monthly dividend of 3.3 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, as the decrease in price on the ex-dividend date is a mechanical adjustment. However, the news confirms the company's ongoing commitment to returning value to shareholders, which could be viewed positively in the broader context.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100