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Ex-Dividend Date Insight: PIMCO High Income Fund

May 11, 2021 10:18 am
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On May 3, 2021, PIMCO High Income Fund (NYSE:PHK) announced shareholders can expect to receive a dividend payable on June 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. PIMCO High Income Fund has an ex-dividend date planned for May 12, 2021. The company’s current dividend payout sits at $0.05. That equates to a dividend yield of 8.43% at current price levels.

Understanding 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. Most ex-dividend dates operate on a quarterly basis.

PIMCO High Income Fund’s Dividend Payouts And Yields

Over the past year, PIMCO High Income Fund has seen its dividend payouts remain the same and its yields trend downward. Last year on January 13, 2021 the company’s payout sat at $0.05, which has returned to its value today. PIMCO High Income Fund’s dividend yield last year was 9.52%, which has since decreased by 1.09%.
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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