Pimco Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, March 4th, Wall Street Journal reports. Stockholders of record on Monday, March 11th will be paid a dividend of 0.1125 per share by the investment management company on Monday, April 1st. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.92%. The ex-dividend date of this dividend is Friday, March 8th.
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 $17.05 on Thursday. Pimco Corporate & Income Strategy Fund has a 12-month low of $13.35 and a 12-month high of $19.25.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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