Benzinga | Jan 7, 2022 01:06PM EST

Tuesday Is Your Last Chance To Buy PIMCO Dynamic Income Before The Dividend Payout

Tuesday marks the last chance for investors to receive the next dividend payout from PIMCO Dynamic Income.

What's Happening

(NYSE:PDO) announced on Monday that it would pay shareholders a monthly dividend of $0.1184 per share. On Wednesday, PIMCO Dynamic Income will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.1184 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Wednesday. Shareholders who own PDO as of the end of Tuesday's session are eligible to receive the $0.1184 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 01, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.