Pimco Corporate & Income Strategy Fund Plans Monthly Dividend of $0.11 (PCN)

Pimco Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.1125 per share by the investment management company on Thursday, February 1st. This represents a $1.35 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date is Thursday, January 11th.

Pimco Corporate & Income Strategy Fund has decreased its dividend payment by an average of 7.5% per year over the last three years.

Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up $0.15 during trading on Wednesday, reaching $17.57. The company’s stock had a trading volume of 105,362 shares, compared to its average volume of 104,750. The stock has a market cap of $683.88, a PE ratio of 6.28 and a beta of 0.41. Pimco Corporate & Income Strategy Fund has a 1-year low of $14.86 and a 1-year high of $17.95.

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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.

Dividend History for Pimco Corporate & Income Strategy Fund (NYSE:PCN)

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