PIMCO Corporate & Income Strategy Fund (PCN) to Issue Monthly Dividend of $0.11 on November 2nd

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be paid a dividend of $0.1125 per share by the investment management company on Monday, November 2nd. This represents a $1.35 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Corporate & Income Strategy Fund Stock Up 1.4%

PIMCO Corporate & Income Strategy Fund stock opened at $10.86 on Friday. PIMCO Corporate & Income Strategy Fund has a 12-month low of $10.44 and a 12-month high of $13.49. The firm’s 50-day moving average is $11.47 and its two-hundred day moving average is $11.71.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in PIMCO Corporate & Income Strategy Fund during the second quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the 2nd quarter worth $41,000. Ameritas Advisory Services LLC acquired a new position in PIMCO Corporate & Income Strategy Fund in the second quarter valued at $63,000. Sunbelt Securities Inc. purchased a new stake in PIMCO Corporate & Income Strategy Fund during the first quarter valued at about $69,000. Finally, Highland Investment Advisors LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund during the second quarter worth about $92,000.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end investment company managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PCN invests primarily in corporate debt and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade bonds, as well as securities issued by companies and governments in the United States and international markets.