Pimco Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Thursday, December 12th will be paid a dividend of 0.1125 per share by the investment management company on Thursday, January 2nd. This represents a $1.35 annualized dividend and a yield of 7.11%. The ex-dividend date is Wednesday, December 11th. This is a positive change from Pimco Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.
NYSE:PCN traded up $0.02 on Wednesday, hitting $19.00. 98,500 shares of the stock were exchanged, compared to its average volume of 101,647. The stock has a fifty day moving average of $18.98 and a 200-day moving average of $18.12. Pimco Corporate & Income Strategy Fund has a fifty-two week low of $13.35 and a fifty-two week high of $19.74.
About Pimco Corporate & Income Strategy Fund
PIMCO Corporate & Income Strategy 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 of the United States. The fund invests in securities of companies that operate across diversified sectors.
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