Pimco Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Wednesday, January 2nd, NASDAQ reports. Stockholders of record on Monday, January 14th will be paid a dividend of 0.112 per share by the investment management company on Friday, February 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date is Friday, January 11th.
Pimco Corporate & Income Strategy Fund has decreased its dividend by an average of 7.4% per year over the last three years.
Shares of PCN stock opened at $15.73 on Thursday. Pimco Corporate & Income Strategy Fund has a one year low of $13.35 and a one year high of $19.25.
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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.
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