PIMCO Income Opportunity Fund (NYSE:PKO) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.19 per share by the financial services provider on Thursday, February 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Thursday, January 11th.
PIMCO Income Opportunity Fund has decreased its dividend payment by an average of 5.4% per year over the last three years.
Shares of PIMCO Income Opportunity Fund (NYSE PKO) traded up $0.17 during trading hours on Wednesday, hitting $26.36. 67,676 shares of the stock were exchanged, compared to its average volume of 81,000. The firm has a market cap of $395.81, a price-to-earnings ratio of 5.08 and a beta of 0.44. PIMCO Income Opportunity Fund has a 12 month low of $23.27 and a 12 month 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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