Pimco Corporate & Income Strategy Fund to Issue Monthly Dividend of $0.11 (NYSE:PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.112 per share by the investment management company on Friday, November 1st. This represents a $1.34 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Thursday, October 10th.
Pimco Corporate & Income Strategy Fund has decreased its dividend by an average of 7.4% per year over the last three years.
Pimco Corporate & Income Strategy Fund stock opened at $18.67 on Wednesday. The firm has a 50-day moving average price of $17.96 and a two-hundred day moving average price of $17.62. Pimco Corporate & Income Strategy Fund has a 52-week low of $13.35 and a 52-week high of $18.80.
PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.
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