PIMCO Income Opportunity Fund (NYSE:PKO) announced a monthly dividend on Friday, November 1st, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.19 per share by the financial services provider on Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 8.25%. The ex-dividend date is Friday, November 8th.
PKO stock traded up $0.19 during midday trading on Wednesday, hitting $27.62. 6,600 shares of the company’s stock were exchanged, compared to its average volume of 53,121. PIMCO Income Opportunity Fund has a 12-month low of $23.21 and a 12-month high of $28.04. The firm has a 50 day moving average price of $26.76 and a 200-day moving average price of $26.77.
About PIMCO Income Opportunity Fund
PIMCO Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets across the globe. The fund invests in corporate debt, government and sovereign debt, mortgage backed and other asset-backed securities, bank loans and related instruments, convertible securities and other income-producing securities, with an average duration of 2 to 8 years.
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