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

Pimco Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.1125 per share by the investment management company on Thursday, March 1st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Friday, February 9th.

Pimco Corporate & Income Strategy Fund has decreased its dividend by an average of 14.9% annually over the last three years.

Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up $0.07 on Friday, hitting $17.09. The company’s stock had a trading volume of 175,821 shares, compared to its average volume of 111,474. Pimco Corporate & Income Strategy Fund has a one year low of $15.01 and a one year high of $17.95. The firm has a market cap of $666.34, a price-to-earnings ratio of 6.10 and a beta of 0.33.

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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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