PIMCO Income Opportunity Fund (NYSE:PKO) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Monday, February 12th will be paid a dividend of 0.19 per share by the financial services provider on Thursday, March 1st. This represents a $2.28 annualized dividend and a yield of 8.92%. The ex-dividend date is Friday, February 9th.
PIMCO Income Opportunity Fund has decreased its dividend payment by an average of 5.4% annually over the last three years.
Shares of PIMCO Income Opportunity Fund (NYSE PKO) traded down $0.29 during trading hours on Friday, reaching $25.55. 90,596 shares of the company traded hands, compared to its average volume of 60,578. PIMCO Income Opportunity Fund has a one year low of $23.85 and a one year high of $27.27. The firm has a market cap of $383.64, a P/E ratio of 4.92 and a beta of 0.41.
About PIMCO Income Opportunity Fund
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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