PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Declares Monthly Dividend of $0.12

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be given a dividend of 0.1188 per share by the investment management company on Tuesday, July 1st. This represents a $1.43 annualized dividend and a yield of 10.37%. The ex-dividend date of this dividend is Thursday, June 12th.

PIMCO Corporate & Income Opportunity Fund Price Performance

Shares of NYSE:PTY opened at $13.75 on Tuesday. The stock’s 50-day moving average price is $13.54 and its two-hundred day moving average price is $14.20. PIMCO Corporate & Income Opportunity Fund has a 12-month low of $11.70 and a 12-month high of $14.87.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth $472,000. NewEdge Advisors LLC increased its stake in PIMCO Corporate & Income Opportunity Fund by 2.5% during the first quarter. NewEdge Advisors LLC now owns 88,471 shares of the investment management company’s stock worth $1,279,000 after acquiring an additional 2,164 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth about $209,000. Finally, Royal Bank of Canada grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 0.8% during the 1st quarter. Royal Bank of Canada now owns 272,394 shares of the investment management company’s stock worth $3,939,000 after purchasing an additional 2,256 shares during the period. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

About PIMCO Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.