PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.13 per share by the investment management company on Thursday, February 1st. This represents a $1.56 annualized dividend and a yield of 9.38%. The ex-dividend date of this dividend is Thursday, January 11th.
PIMCO Corporate&Income Opportunity Fund has decreased its dividend by an average of 17.8% per year over the last three years.
Shares of PIMCO Corporate&Income Opportunity Fund (NYSE:PTY) traded up $0.12 during midday trading on Wednesday, reaching $16.64. The company’s stock had a trading volume of 511,660 shares, compared to its average volume of 571,200. PIMCO Corporate&Income Opportunity Fund has a fifty-two week low of $14.26 and a fifty-two week high of $17.22.
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PIMCO Corporate & Income Opportunity Fund is a closed-end management investment company. The Company’s primary investment objective is to seek high current income, with capital preservation and capital appreciation as secondary objectives. The Fund invests approximately 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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