PIMCO Income Opportunity Fund to Issue Monthly Dividend of $0.19 (PKO)
PIMCO Income Opportunity Fund (NYSE:PKO) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.19 per share by the financial services provider on Tuesday, January 2nd. This represents a $2.28 annualized dividend and a dividend yield of 8.66%. The ex-dividend date is Friday, December 8th.
PIMCO Income Opportunity Fund has decreased its dividend by an average of 9.6% per year over the last three years.
PIMCO Income Opportunity Fund (PKO) traded up $0.20 during trading on Monday, hitting $26.34. 61,222 shares of the stock traded hands, compared to its average volume of 66,113. PIMCO Income Opportunity Fund has a one year low of $22.93 and a one year high of $27.27.
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PIMCO Income Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek current income as a primary focus and also capital appreciation. The Fund invests a substantial portion of assets in a variety of mortgage-related securities and may hold common stocks, including those received from conversion of other portfolio securities.
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