Pimco Corporate & Income Strategy Fund (PCN) Getting Favorable Media Coverage, Report Shows
Media stories about Pimco Corporate & Income Strategy Fund (NYSE:PCN) have trended positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pimco Corporate & Income Strategy Fund earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 44.9391064714997 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of PCN stock traded up $0.04 during trading hours on Friday, reaching $18.52. The company had a trading volume of 50,554 shares, compared to its average volume of 89,440. Pimco Corporate & Income Strategy Fund has a one year low of $16.03 and a one year high of $18.60.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be given a dividend of $0.112 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.34 annualized dividend and a yield of 7.26%.
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.
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