PIMCO Corporate & Income Strategy Fund (NYSE:PCN) to Issue $0.11 Monthly Dividend

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.112 per share by the investment management company on Tuesday, September 3rd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date of this dividend is Monday, August 12th.

PIMCO Corporate & Income Strategy Fund Stock Down 0.9 %

Shares of PCN traded down $0.12 during midday trading on Friday, reaching $13.79. The company had a trading volume of 345,627 shares, compared to its average volume of 229,656. PIMCO Corporate & Income Strategy Fund has a 1-year low of $10.70 and a 1-year high of $14.48. The firm has a 50 day simple moving average of $13.32 and a 200-day simple moving average of $13.29.

PIMCO Corporate & Income Strategy Fund Company Profile

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.