PIMCO Corporate & Income Strategy Fund (NYSE:PCN) to Issue Monthly Dividend of $0.11

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be paid a dividend of $0.1125 per share by the investment management company on Monday, November 2nd. This represents a $1.35 annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Corporate & Income Strategy Fund Trading Up 0.3%

PCN stock opened at $10.71 on Friday. The company has a 50 day simple moving average of $11.49 and a 200 day simple moving average of $11.72. PIMCO Corporate & Income Strategy Fund has a 1 year low of $10.44 and a 1 year high of $13.49.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its position in shares of PIMCO Corporate & Income Strategy Fund by 3.1% during the 1st quarter. Sanctuary Advisors LLC now owns 28,363 shares of the investment management company’s stock valued at $338,000 after purchasing an additional 853 shares in the last quarter. Vision Retirement LLC increased its stake in shares of PIMCO Corporate & Income Strategy Fund by 1.2% in the 1st quarter. Vision Retirement LLC now owns 98,616 shares of the investment management company’s stock valued at $1,174,000 after acquiring an additional 1,166 shares in the last quarter. Royal Bank of Canada boosted its stake in PIMCO Corporate & Income Strategy Fund by 1.7% during the first quarter. Royal Bank of Canada now owns 78,213 shares of the investment management company’s stock worth $930,000 after acquiring an additional 1,326 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in PIMCO Corporate & Income Strategy Fund in the second quarter worth $32,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in PIMCO Corporate & Income Strategy Fund in the second quarter valued at $41,000.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end investment company managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PCN invests primarily in corporate debt and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade bonds, as well as securities issued by companies and governments in the United States and international markets.