Analyzing PIMCO Income Strategy's Ex-Dividend Date
On February 1, 2021, PIMCO Income Strategy (NYSE:PFN) declared a dividend payable on March 1, 2021 to its shareholders. PIMCO Income Strategy also announced that shareholders on the company's books on or before February 11, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. PIMCO Income Strategy has an ex-dividend date planned for February 10, 2021. The company's current dividend payout sits at $0.08. That equates to a dividend yield of 9.62% at current price levels.
The Significance Of Ex-Dividend Dates
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
PIMCO Income Strategy's Dividend Performance
Over the past year, PIMCO Income Strategy has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on October 9, 2020 the company's payout was $0.08, which has returned to its value today. PIMCO Income Strategy's dividend yield last year was 10.57%, which has since decreased by 0.95%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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