PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Increases Dividend to $0.12 Per Share

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.119 per share by the investment management company on Monday, June 3rd. This represents a $1.43 annualized dividend and a yield of 10.07%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from PIMCO Corporate & Income Opportunity Fund’s previous monthly dividend of $0.12.

PIMCO Corporate & Income Opportunity Fund has decreased its dividend payment by an average of 3.0% annually over the last three years.

PIMCO Corporate & Income Opportunity Fund Stock Performance

Shares of PTY opened at $14.18 on Thursday. PIMCO Corporate & Income Opportunity Fund has a one year low of $11.92 and a one year high of $15.10. The stock has a 50-day moving average of $14.41 and a 200-day moving average of $13.87.

About PIMCO Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.