PIMCO Corporate & Income Strategy Fund (PCN) to Issue Monthly Dividend of $0.11 on July 1st

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Monday, June 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.1125 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, June 11th.

PIMCO Corporate & Income Strategy Fund Trading Up 0.0%

Shares of PCN stock opened at $11.78 on Wednesday. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $11.40 and a fifty-two week high of $13.49. The stock has a 50 day simple moving average of $11.88 and a two-hundred day simple moving average of $12.37.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Truist Financial Corp grew its holdings in PIMCO Corporate & Income Strategy Fund by 6.9% in the fourth quarter. Truist Financial Corp now owns 29,527 shares of the investment management company’s stock worth $377,000 after purchasing an additional 1,900 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of PIMCO Corporate & Income Strategy Fund by 11.5% during the fourth quarter. Aviance Capital Partners LLC now owns 76,965 shares of the investment management company’s stock valued at $982,000 after purchasing an additional 7,953 shares during the period. Comerica Bank boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 28.2% during the 4th quarter. Comerica Bank now owns 9,881 shares of the investment management company’s stock worth $126,000 after purchasing an additional 2,171 shares in the last quarter. Mission Hills Financial Advisory LLC boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 4.3% during the 4th quarter. Mission Hills Financial Advisory LLC now owns 1,229,934 shares of the investment management company’s stock worth $15,694,000 after purchasing an additional 50,612 shares in the last quarter. Finally, Benchmark Financial LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at about $128,000.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.