On February 1, 2021, PIMCO Dynamic Income PDI announced shareholders can expect to receive a dividend payable on March 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for PIMCO Dynamic Income is set for February 10, 2021. The company's current dividend payout sits at $0.22, equating to a dividend yield of 10.14% at current price levels.
The Significance Of Ex-Dividend Dates
An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding PIMCO Dynamic Income's Dividend History
Over the past year, PIMCO Dynamic Income has seen its dividend payouts remain the same and its yields trend downward. Last year on October 9, 2020 the company's payout sat at $0.22, which has returned to its value today. PIMCO Dynamic Income's dividend yield last year was 10.43%, which has since decreased by 0.29%.
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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