PIMCO Corporate & Income Strategy Fund (PCN) to Issue Monthly Dividend of $0.11 on January 2nd

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.1125 per share by the investment management company on Tuesday, January 2nd. This represents a $1.35 annualized dividend and a yield of 7.88%. The ex-dividend date is Friday, December 8th. This is an increase from PIMCO Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Corporate & Income Strategy Fund has decreased its dividend by an average of 7.5% annually over the last three years.

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) opened at $17.14 on Thursday. PIMCO Corporate & Income Strategy Fund has a 12 month low of $14.47 and a 12 month high of $17.95.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://transcriptdaily.com/2017/12/07/pimco-corporate-income-strategy-fund-pcn-to-issue-monthly-dividend-of-0-11-on-january-2nd.html.

About PIMCO Corporate & Income Strategy Fund

Pimco Corporate & Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, with a secondary objective of capital preservation and appreciation. Under normal market conditions, the Fund invests at least 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis.

Dividend History for PIMCO Corporate & Income Strategy Fund (NYSE:PCN)

Receive News & Ratings for PIMCO Corporate & Income Strategy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Corporate & Income Strategy Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply