PIMCO Dynamic Income (NYSE:PDI) has declared a dividend, which will be paid on August 2, 2021 to shareholders of record on July 1, 2021. The dividend is payable to stockholders of PIMCO Dynamic Income stock as of July 12, 2021. 1 business day(s) before the record date, the stock is slated to turn ex-dividend. PIMCO Dynamic Income’s ex-dividend date will be July 9, 2021. The current dividend payout for the company is $0.22. At current prices, that translates to a dividend yield of 9.18 percent.
An ex-dividend date is the date on which a company’s stock stops trading with its existing dividend payout in anticipation of a new one being announced. The ex-dividend date of a company is usually one business day before the record date. When buying stocks, investors should keep this in mind because buying them on or after ex-dividend dates does not entitle them to the announced dividend. Dividends declared after the ex-dividend date are paid to shareholders who owned the shares before the ex-dividend date. On a quarterly basis, firms usually announce and execute new dividend yields.
PIMCO Dynamic Income’s dividend payouts have been constant over the past year, while its yields have declined. The company’s payout was $0.22 last year on March 10, 2021, and it has now returned to that level. The dividend yield of PIMCO Dynamic Income was 9.64 percent last year, but it has subsequently dropped by 0.46 percent. Dividend yields are used in a variety of ways by businesses. Some businesses may choose to reinvest their earnings instead of paying out dividends. To manage how their shares move across the stock market, other corporations may choose to boost or decrease their yield amounts.
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