Pimco Corporate & Income Strategy Fund (PCN) Plans Monthly Dividend of $0.11
Pimco Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Friday, June 2nd. Shareholders of record on Monday, June 12th will be paid a dividend of 0.1125 per share by the investment management company on Monday, July 3rd. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Thursday, June 8th.
Pimco Corporate & Income Strategy Fund has decreased its dividend by an average of 7.5% per year over the last three years.
Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up 0.35% on Friday, hitting $17.03. The company’s stock had a trading volume of 87,162 shares. The stock’s 50-day moving average price is $16.55 and its 200-day moving average price is $15.66. The firm has a market cap of $664.00 million and a price-to-earnings ratio of 6.98. Pimco Corporate & Income Strategy Fund has a 52 week low of $12.64 and a 52 week high of $17.10.
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Pimco Corporate & Income Strategy Fund Company Profile
Pimco Corporate & Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, with a secondary objective of capital preservation and appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.
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