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

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.1125 per share by the investment management company on Tuesday, December 1st. This represents a $1.35 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Friday, November 13th.

PIMCO Corporate & Income Strategy Fund Trading Up 1.5%

Shares of PCN traded up $0.17 during midday trading on Tuesday, hitting $11.01. The stock had a trading volume of 373,527 shares, compared to its average volume of 386,910. The stock’s 50 day moving average is $11.05 and its 200 day moving average is $11.80. PIMCO Corporate & Income Strategy Fund has a 1 year low of $10.44 and a 1 year high of $13.06.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a closed-end management investment company designed to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by PIMCO, a global investment management firm specializing in fixed-income and related strategies.

PCN invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade bonds, commonly known as high-yield bonds, as well as securities issued by companies and governments in the United States and other countries.