About Panacea Acquisition Corp. II (PANA) — Dividend Analysis 2026
Panacea Acquisition Corp. II does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the biotechnology sector. The company was incorporated in 2021 and is based in San Francisco, California.
Is PANA a good dividend investment in 2026?
PANA offers a 19.53% forward yield with a 50% payout ratio. Strand Safety Score: N/A. The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
PANA DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your PANA portfolio grows to $59.5K vs $29.5K without reinvestment. This is the compound interest effect in action.
PANA dividend growth history & forecast
PANA has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 19.53%.
ETFs do not file income statements or cash flow statements. Their dividend safety depends on the underlying index quality, fund methodology, and holdings composition. Use the Holdings page to analyze individual stocks in this fund.
🌍 PANA Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold PANA.
Gross yield
19.53%
Tax rate
15.00%
After-tax yield
16.60%
Real yield (−CPI)
13.80%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
19.53%
16.73%
$1,953 / yr
🇺🇸 US Taxable (15%) ✓
15%
16.60%
13.80%
$1,660 / yr
🇺🇸 US Taxable (20%)
20%
15.62%
12.82%
$1,562 / yr
🇬🇧 UK ISA
0%
19.53%
16.73%
$1,953 / yr
🇬🇧 UK Taxable
8.75%
17.82%
15.02%
$1,782 / yr
🇨🇦 TFSA
0%
19.53%
16.73%
$1,953 / yr
🇨🇦 CA Taxable
25%
14.65%
11.85%
$1,465 / yr
🇦🇺 Super (pension)
15%
16.60%
13.80%
$1,660 / yr
🇦🇺 AU Taxable
30%
13.67%
10.87%
$1,367 / yr
🇩🇪 DE Taxable
26.375%
14.38%
11.58%
$1,438 / yr
🇫🇷 FR Taxable
30%
13.67%
10.87%
$1,367 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 PANA Income Goal & Break-Even
Dividend Break-Even
7yr
Years for dividends to fully repay your PANA investment of $10.24/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$36.5K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$34.0K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in PANA for:
Shares needed
14,118
Capital required
$144,568
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 PANA Dividend Payment Schedule
PANA pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 PANA vs Financial Services Benchmarks
How PANA compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+16.63% vs sectorBetter
PANA
19.53%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
PANA
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
PANA
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for PANA sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ PANA Insider Activity
▲ 2 Buys
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
EcoR1 Panacea Holdings II, LLC
director, 10 percent owner:
D-Return
2023-04-28
545,000
$0.00
$55.00
EcoR1 Panacea Holdings II, LLC
director, 10 percent owner:
Buy
2021-04-09
545,000
$10.00
$5.45M
EcoR1 Panacea Holdings, LLC
director, 10 percent owner:
Buy
2020-07-06
390,000
$10.00
$3.90M
PA Co-Investment LLC
10 percent owner
Other
2020-06-30
718,750
—
—
Sharp Shalini
director
Other
2020-06-30
25,000
—
—
EcoR1 Panacea Holdings, LLC
director, 10 percent owner:
Other
2020-06-30
2,775,000
—
—
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the PANA dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →