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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.1125 per share by the investment management company on Tuesday, January 2nd. This represents a $1.35 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Friday, December 8th. This is a boost from PIMCO Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.

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

PIMCO Corporate & Income Strategy Fund (NYSE PCN) traded down $0.13 during trading on Wednesday, reaching $16.70. 119,244 shares of the company were exchanged, compared to its average volume of 113,637. PIMCO Corporate & Income Strategy Fund has a 52 week low of $14.47 and a 52 week high of $17.95.

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PIMCO Corporate & Income Strategy Fund Company Profile

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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