PIMCO Income Opportunity Fund (NYSE:PKO) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.19 per share by the financial services provider on Wednesday, November 1st. This represents a $2.28 annualized dividend and a yield of 8.51%. The ex-dividend date is Thursday, October 12th.
PIMCO Income Opportunity Fund has decreased its dividend by an average of 9.6% annually over the last three years.
PIMCO Income Opportunity Fund (NYSE PKO) traded up 0.045% on Wednesday, reaching $26.792. 2,842 shares of the company traded hands. The firm has a 50 day moving average of $26.09 and a 200-day moving average of $26.13. PIMCO Income Opportunity Fund has a one year low of $21.25 and a one year high of $27.27. The stock’s market capitalization is $402.28 million.
About PIMCO Income Opportunity Fund
PIMCO Income Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek current income as a primary focus and also capital appreciation. The Fund invests a substantial portion of assets in a variety of mortgage-related securities and may hold common stocks, including those received from conversion of other portfolio securities.
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