PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Declares Dividend Increase – $0.11 Per Share

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Thursday, July 11th will be given a dividend of 0.1125 per share by the investment management company on Thursday, August 1st. This represents a $1.35 dividend on an annualized basis and a yield of 10.14%. The ex-dividend date of this dividend is Thursday, July 11th. This is a boost from PIMCO Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Corporate & Income Strategy Fund Trading Up 0.5 %

NYSE:PCN opened at $13.31 on Wednesday. The stock has a 50-day moving average price of $12.98 and a 200 day moving average price of $13.13. PIMCO Corporate & Income Strategy Fund has a 12-month low of $10.70 and a 12-month high of $14.48.

About PIMCO Corporate & Income Strategy Fund

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.