Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Announces $0.12 Monthly Dividend

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) announced a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be given a dividend of 0.1188 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Thursday, June 11th.

Pimco Corporate & Income Opportunity Fund Price Performance

NYSE:PTY opened at $11.87 on Tuesday. The stock has a 50-day simple moving average of $12.04 and a two-hundred day simple moving average of $12.63. Pimco Corporate & Income Opportunity Fund has a 52-week low of $11.58 and a 52-week high of $14.69.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds have recently made changes to their positions in PTY. Merrithew & Thorsten Inc bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter worth about $19,710,000. Rivernorth Capital Management LLC bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter worth about $16,026,000. Invesco Ltd. bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the second quarter worth about $16,400,000. Wells Fargo & Company MN boosted its stake in shares of Pimco Corporate & Income Opportunity Fund by 209.6% in the fourth quarter. Wells Fargo & Company MN now owns 627,242 shares of the investment management company’s stock worth $8,091,000 after acquiring an additional 424,649 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Pimco Corporate & Income Opportunity Fund by 19.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock worth $33,926,000 after acquiring an additional 385,602 shares during the period. Institutional investors own 10.25% of the company’s stock.

About Pimco Corporate & Income Opportunity Fund

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.