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, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, to be paid on April 01, 2024. The stock is expected to open 2.48 cents lower on the ex-dividend date.
March 05, 2024 | 2:46 pm
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PIMCO New York Municipal (PYN) will pay a monthly dividend of 2.48 cents per share, with an ex-dividend date this Friday. Eligible shareholders must own the stock by Thursday. Payment is due on April 01, 2024.
The stock is expected to open lower on the ex-dividend date by the amount of the dividend, reflecting the payout. This is a common occurrence on ex-dividend dates and is likely to have a short-term negative impact on the stock price.
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