PIMCO Corporate & Income Strategy Fund (NYSE:PCN – Get Free Report) declared a monthly dividend on Monday, August 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of 0.1125 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Thursday, August 13th.
PIMCO Corporate & Income Strategy Fund Trading Up 0.4%
NYSE:PCN opened at $11.69 on Tuesday. The firm’s fifty day moving average price is $11.75 and its two-hundred day moving average price is $12.08. PIMCO Corporate & Income Strategy Fund has a one year low of $11.40 and a one year high of $13.49.
Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund
Several hedge funds have recently bought and sold shares of PCN. Vermillion & White Wealth Management Group LLC acquired a new position in shares of PIMCO Corporate & Income Strategy Fund in the fourth quarter valued at approximately $26,000. Parallel Advisors LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund during the 3rd quarter worth approximately $27,000. Wilmington Savings Fund Society FSB boosted its stake in PIMCO Corporate & Income Strategy Fund by 91.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,192 shares of the investment management company’s stock valued at $53,000 after purchasing an additional 2,000 shares during the period. Flagship Harbor Advisors LLC bought a new stake in PIMCO Corporate & Income Strategy Fund in the 4th quarter valued at $56,000. Finally, Sunbelt Securities Inc. acquired a new position in PIMCO Corporate & Income Strategy Fund in the 1st quarter valued at $69,000.
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.
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