PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Shareholders Set to Receive $0.11 Monthly Dividend

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.1125 per share by the investment management company on Tuesday, December 1st. This represents a $1.35 annualized dividend and a yield of 12.3%. The ex-dividend date is Friday, November 13th.

PIMCO Corporate & Income Strategy Fund Price Performance

PIMCO Corporate & Income Strategy Fund stock traded up $0.17 during midday trading on Tuesday, hitting $11.01. The company’s stock had a trading volume of 322,937 shares, compared to its average volume of 386,872. PIMCO Corporate & Income Strategy Fund has a 1-year low of $10.44 and a 1-year high of $13.06. The company has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $11.80.

Institutional Investors Weigh In On PIMCO Corporate & Income Strategy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth approximately $3,334,000. GHE LLC boosted its position in PIMCO Corporate & Income Strategy Fund by 19.5% in the first quarter. GHE LLC now owns 748,086 shares of the investment management company’s stock valued at $8,902,000 after buying an additional 122,079 shares in the last quarter. Venture Visionary Partners LLC boosted its position in PIMCO Corporate & Income Strategy Fund by 51.8% in the third quarter. Venture Visionary Partners LLC now owns 263,222 shares of the investment management company’s stock valued at $2,809,000 after buying an additional 89,849 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in shares of PIMCO Corporate & Income Strategy Fund by 20.7% during the second quarter. Rivernorth Capital Management LLC now owns 428,965 shares of the investment management company’s stock worth $5,126,000 after buying an additional 73,709 shares during the last quarter. Finally, Integrated Capital Management Inc. bought a new stake in shares of PIMCO Corporate & Income Strategy Fund during the third quarter worth $444,000.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a closed-end management investment company designed to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by PIMCO, a global investment management firm specializing in fixed-income and related strategies.

PCN invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade bonds, commonly known as high-yield bonds, as well as securities issued by companies and governments in the United States and other countries.