Analyzing PIMCO High Income Fund's Ex-Dividend Date

On July 1, 2021, PIMCO High Income Fund PHK announced shareholders can expect to receive a dividend payable on August 2, 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 set for for July 9, 2021. The company's current dividend payout is $0.05, which equates to a dividend yield of 8.42% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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 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 March 10, 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 9.2%, which has since decreased by 0.78%.
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 High Income Fund's previous dividends.