PIMCO Corporate & Income Strategy Fund (PCN) To Go Ex-Dividend on December 14th

PIMCO Corporate & Income Strategy Fund (NYSE:PCNGet Rating) declared a — dividend on Wednesday, December 7th, Wall Street Journal reports. Shareholders of record on Thursday, December 15th will be given a dividend of 0.15 per share by the investment management company on Thursday, December 22nd. This represents a yield of 10.5%. The ex-dividend date is Wednesday, December 14th. This is an increase from PIMCO Corporate & Income Strategy Fund’s previous — dividend of $0.06.

PIMCO Corporate & Income Strategy Fund Trading Up 0.8 %

Shares of PCN opened at $12.94 on Friday. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $11.67 and a fifty-two week high of $18.10. The firm has a 50-day simple moving average of $12.34 and a 200-day simple moving average of $13.09.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. acquired a new position in shares of PIMCO Corporate & Income Strategy Fund in the first quarter valued at approximately $4,251,000. NewEdge Advisors LLC raised its holdings in PIMCO Corporate & Income Strategy Fund by 8.6% during the first quarter. NewEdge Advisors LLC now owns 59,693 shares of the investment management company’s stock worth $940,000 after purchasing an additional 4,736 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in PIMCO Corporate & Income Strategy Fund in the first quarter valued at about $749,000. Royal Bank of Canada boosted its holdings in PIMCO Corporate & Income Strategy Fund by 14.8% in the 1st quarter. Royal Bank of Canada now owns 30,107 shares of the investment management company’s stock valued at $474,000 after purchasing an additional 3,888 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in PIMCO Corporate & Income Strategy Fund by 4.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,155 shares of the investment management company’s stock worth $427,000 after purchasing an additional 1,183 shares during the period.

PIMCO Corporate & Income Strategy Fund Company Profile

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PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.

Further Reading

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

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