Analyzing PIMCO Corporate & Income's Ex-Dividend Date

On January 4, 2021, PIMCO Corporate & Income PCN declared a dividend payable on February 1, 2021 to its shareholders. PIMCO Corporate & Income also announced that shareholders on the company's books on or before January 14, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for PIMCO Corporate & Income will be on January 13, 2021. The company's current dividend payout is at $0.11. That equates to a dividend yield of 7.83% at current price levels.

The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding PIMCO Corporate & Income's Dividend Payouts And Yields

Over the past year, PIMCO Corporate & Income has seen its dividend payouts remain the same and its yields trend downward. Last year on September 10, 2020 the company's payout sat at $0.11, which has returned to its value today. PIMCO Corporate & Income's dividend yield last year was 8.54%, which has since decreased by 0.71%.
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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