News stories about Pimco Corporate & Income Strategy Fund (NYSE:PCN) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pimco Corporate & Income Strategy Fund earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 48.0853727284861 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Pimco Corporate & Income Strategy Fund (NYSE PCN) opened at 17.15 on Friday. Pimco Corporate & Income Strategy Fund has a 52-week low of $12.64 and a 52-week high of $17.95. The company has a 50-day moving average of $16.95 and a 200 day moving average of $16.71.
The business also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be issued a $0.112 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Friday, September 8th.
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About Pimco Corporate & Income Strategy Fund
Pimco Corporate & Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, with a secondary objective of capital preservation and appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.
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