PIMCO Income Opportunity Fund to Issue Monthly Dividend of $0.19 (NYSE:PKO)

PIMCO Income Opportunity Fund (NYSE:PKO) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Investors of record on Monday, March 12th will be paid a dividend of 0.19 per share by the financial services provider on Monday, April 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date of this dividend is Friday, March 9th.

PIMCO Income Opportunity Fund has decreased its dividend by an average of 5.4% per year over the last three years.

PIMCO Income Opportunity Fund (PKO) traded up $0.21 on Friday, reaching $26.14. 42,660 shares of the company’s stock were exchanged, compared to its average volume of 59,363. The stock has a market cap of $387.70, a price-to-earnings ratio of 5.80 and a beta of 0.41. PIMCO Income Opportunity Fund has a twelve month low of $24.50 and a twelve month high of $27.27.

In other PIMCO Income Opportunity Fund news, insider Thibault Christian Stracke purchased 1,200 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $25.06 per share, for a total transaction of $30,072.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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About PIMCO Income Opportunity Fund

PIMCO Income Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek current income as a primary focus and also capital appreciation. The Fund invests a substantial portion of assets in a variety of mortgage-related securities and may hold common stocks, including those received from conversion of other portfolio securities.

Dividend History for PIMCO Income Opportunity Fund (NYSE:PKO)

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