PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Increases Dividend to $0.11 Per Share

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Thursday, July 11th will be given a dividend of 0.1125 per share by the investment management company on Thursday, August 1st. This represents a $1.35 annualized dividend and a yield of 10.14%. The ex-dividend date is Thursday, July 11th. This is a positive change from PIMCO Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Corporate & Income Strategy Fund Stock Performance

PIMCO Corporate & Income Strategy Fund stock traded up $0.06 during midday trading on Tuesday, hitting $13.31. 156,109 shares of the company were exchanged, compared to its average volume of 231,800. The company’s fifty day moving average price is $12.97 and its 200-day moving average price is $13.12. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $10.70 and a fifty-two week high of $14.48.

About PIMCO Corporate & Income Strategy Fund

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.