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Ex-Dividend Date Insight: PIMCO Dynamic Income

May 11, 2021 10:29 am
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PIMCO Dynamic Income (NYSE:PDI) declared a dividend payable on June 1, 2021 to its shareholders as of May 3, 2021. It was also announced that shareholders of PIMCO Dynamic Income’s stock as of May 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. PIMCO Dynamic Income has an ex-dividend date planned for May 12, 2021. The company’s current dividend payout sits at $0.22. That equates to a dividend yield of 9.17% at current price levels.

Understanding Ex-Dividend Dates’

An ex-dividend date is when a company’s shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Dynamic Income’s Dividend Payouts And Yields

Over the past year, PIMCO Dynamic Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on January 13, 2021 the company’s payout was $0.22, which has returned to its value today. PIMCO Dynamic Income’s dividend yield last year was 10.01%, which has since decreased by 0.84%.
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.

Click here to find details on PIMCO Dynamic Income’s previous dividends.

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Analyzing PIMCO Dynamic Income's Ex-Dividend Date

On February 1, 2021, PIMCO Dynamic Income (NYSE: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. read more