Analyzing PIMCO Income Strategy's Ex-Dividend Date

PIMCO Income Strategy PFN declared a dividend payable on May 3, 2021 to its shareholders as of April 1, 2021. It was also announced that shareholders of PIMCO Income Strategy's stock as of April 12, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. PIMCO Income Strategy has an ex-dividend date set for for April 9, 2021. The company's current dividend payout is $0.08, which equates to a dividend yield of 9.34% at current price levels.

The Significance Of An Ex-Dividend Date

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.

PIMCO Income Strategy's Dividend History

Over the past year, PIMCO Income Strategy has seen its dividend payouts remain the same and its yields trend downward. Last year on December 10, 2020 the company's payout sat at $0.08, which has returned to its value today. PIMCO Income Strategy's dividend yield last year was 9.85%, which has since decreased by 0.51%.
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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