Understanding PIMCO High Income Fund's Ex-Dividend Date

On February 1, 2021, PIMCO High Income Fund PHK 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. PIMCO High Income Fund has an ex-dividend date planned for February 10, 2021. The company's current dividend payout sits at $0.05. That equates to a dividend yield of 9.46% 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 High Income Fund's Dividend History

Over the past year, PIMCO High Income Fund 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 $0.05, which has returned to its value today. PIMCO High Income Fund's dividend yield last year was 10.53%, which has since decreased by 1.07%.
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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