Analyzing PIMCO High Income Fund's Ex-Dividend Date

On January 4, 2021, PIMCO High Income Fund PHK announced shareholders can expect to receive a dividend payable on February 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. PIMCO High Income Fund, whose current dividend payout is $0.05, has an ex-dividend date set at January 13, 2021. The payout equates to a dividend yield of 9.52% at current price levels.

Understanding 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. Most ex-dividend dates operate on a quarterly basis.

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 September 10, 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 10.51%, which has since decreased by 0.99%.
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.