Pimco Corporate & Income Opportunity Fund (PTY) to Issue Monthly Dividend of $0.12 on December 1st

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) declared a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be paid a dividend of 0.1188 per share by the investment management company on Monday, December 1st. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Friday, November 14th.

Pimco Corporate & Income Opportunity Fund Price Performance

Shares of PTY opened at $13.71 on Wednesday. Pimco Corporate & Income Opportunity Fund has a 52 week low of $11.70 and a 52 week high of $14.87. The stock has a 50 day moving average price of $14.19 and a two-hundred day moving average price of $13.94.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds have recently bought and sold shares of the company. Eastern Bank purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at about $26,000. Signaturefd LLC purchased a new position in Pimco Corporate & Income Opportunity Fund during the first quarter worth about $29,000. Tableaux LLC bought a new stake in Pimco Corporate & Income Opportunity Fund in the 2nd quarter worth about $32,000. CX Institutional purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at about $32,000. Finally, Assetmark Inc. increased its stake in Pimco Corporate & Income Opportunity Fund by 360.4% in the 1st quarter. Assetmark Inc. now owns 2,919 shares of the investment management company’s stock valued at $42,000 after buying an additional 2,285 shares during the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

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.