01PAX will go ex-dividend on August 10, 2026, with a quarterly dividend of $0.1630 per share payable on September 14, 2026; investors must own shares before the ex-date to receive the payment.
02At the current stock price of $11.11, PAX's dividend yield is 5.87%, which is above-market average but warrants scrutiny as elevated yields can reflect declining stock prices rather than sustainable payouts.
03PAX is a Financial Services company with a market capitalization of $2.6 billion, and recent dividend history shows the quarterly payment increased from $0.1500 to $0.1630 as of February 2026.
Dividend Details
PAX (NASDAQ:PAX) will go ex-dividend tomorrow, August 10, 2026.
Investors who purchase shares before the ex-dividend date will receive the upcoming quarterly dividend of $0.1630 per share. The dividend will be paid on September 14, 2026.
Market Overview
At the current stock price of $11.11, PAX's dividend represents an annual yield of 5.87%. The Financial Services company has a market capitalization of $2.6B.
Investors who purchase PAX shares before the ex-dividend date will receive the upcoming dividend payment. The stock price typically adjusts downward by approximately the dividend amount on the ex-date, reflecting the distribution. Long-term holders focused on total return generally view ex-dividend dates as routine, while income-focused investors may time purchases around these dates.
At a 5.87% yield, PAX offers above-average income relative to the broader market. High yields can be attractive for income investors but also warrant scrutiny — an elevated yield sometimes reflects a declining stock price rather than generous payouts. Comparing the yield against the company's payout ratio and earnings trajectory provides a clearer picture of sustainability.