Ex-Dividend Date Insight: PIMCO Municipal Income

PIMCO Municipal Income PML declared a dividend payable on February 1, 2021 to its shareholders as of January 4, 2021. It was also announced that shareholders of PIMCO Municipal Income's stock as of January 14, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for PIMCO Municipal Income is set for January 13, 2021. The company's current dividend payout sits at $0.06, equating to a dividend yield of 4.95% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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 Municipal Income's Dividend Performance

Over the past year, PIMCO Municipal 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 $0.06, which has returned to its value today. PIMCO Municipal Income's dividend yield last year was 5.26%, which has since decreased by 0.31%.
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.

To read more news on PIMCO Municipal Income click here.