Pimco Corporate & Income Opportunity Fund Announces Monthly Dividend of $0.12 (NYSE:PTY)

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be paid a dividend of 0.1188 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Monday, July 13th.

Pimco Corporate & Income Opportunity Fund Stock Performance

PTY stock opened at $12.09 on Thursday. Pimco Corporate & Income Opportunity Fund has a fifty-two week low of $11.58 and a fifty-two week high of $14.69. The business has a 50 day moving average price of $11.94 and a 200 day moving average price of $12.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at about $27,000. GHP Investment Advisors Inc. purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 1st quarter worth approximately $32,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at $42,000. Cresta Advisors Ltd. acquired a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth about $52,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at approximately $56,000. Institutional investors and hedge funds own 10.25% of the company’s stock.

About Pimco Corporate & Income Opportunity Fund

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.