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 annualized dividend and a yield of 10.14%. The ex-dividend date is Thursday, July 11th. This is a positive change from PIMCO Corporate & Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of PCN stock traded up $0.06 during trading on Tuesday, hitting $13.31. The company’s stock had a trading volume of 156,109 shares, compared to its average volume of 231,800. The business has a fifty day moving average of $12.97 and a 200-day moving average of $13.12. PIMCO Corporate & Income Strategy Fund has a 52 week low of $10.70 and a 52 week 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.