Pimco Corporate & Income Strategy Fund (PCN) Announces Monthly Dividend of $0.11
Pimco Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.1125 per share by the investment management company on Wednesday, November 1st. This represents a $1.35 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Thursday, October 12th. This is a boost from Pimco Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.
Pimco Corporate & Income Strategy Fund has decreased its dividend by an average of 7.5% per year over the last three years.
Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded down 1.78% during mid-day trading on Tuesday, reaching $17.08. 606,806 shares of the company were exchanged. The company’s 50 day moving average price is $16.92 and its 200-day moving average price is $16.84. Pimco Corporate & Income Strategy Fund has a 12-month low of $12.64 and a 12-month high of $17.95.
About Pimco Corporate & Income Strategy Fund
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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