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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) announced a monthly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of 0.1188 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date is Friday, September 11th.

Pimco Corporate & Income Opportunity Fund Price Performance

NYSE PTY opened at $11.78 on Wednesday. The business has a fifty day simple moving average of $11.83 and a 200 day simple moving average of $12.05. Pimco Corporate & Income Opportunity Fund has a 12 month low of $11.58 and a 12 month high of $14.69.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Pimco Corporate & Income Opportunity Fund during the second quarter worth $32,763,000. XML Financial LLC boosted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 10.3% in the 2nd quarter. XML Financial LLC now owns 1,754,583 shares of the investment management company’s stock worth $21,108,000 after buying an additional 163,536 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at about $19,710,000. Invesco Ltd. increased its holdings in Pimco Corporate & Income Opportunity Fund by 6.8% during the fourth quarter. Invesco Ltd. now owns 1,324,697 shares of the investment management company’s stock worth $17,089,000 after buying an additional 83,965 shares during the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at about $16,026,000. 10.25% of the stock is owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

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.