PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Investors of record on Thursday, April 11th will be given a dividend of 0.1188 per share by the investment management company on Wednesday, May 1st. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend is Wednesday, April 10th.
PIMCO Corporate & Income Opportunity Fund has decreased its dividend payment by an average of 3.0% per year over the last three years.
PIMCO Corporate & Income Opportunity Fund Stock Performance
PIMCO Corporate & Income Opportunity Fund stock traded up $0.05 during midday trading on Wednesday, reaching $14.94. The stock had a trading volume of 594,916 shares, compared to its average volume of 557,910. PIMCO Corporate & Income Opportunity Fund has a 52-week low of $11.92 and a 52-week high of $15.00. The company has a fifty day moving average of $14.27 and a 200 day moving average of $13.63.
Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund
Several hedge funds have recently bought and sold shares of PTY. ICA Group Wealth Management LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the fourth quarter valued at $34,000. Harbour Investments Inc. purchased a new stake in PIMCO Corporate & Income Opportunity Fund in the 2nd quarter valued at about $58,000. Sunbelt Securities Inc. purchased a new stake in PIMCO Corporate & Income Opportunity Fund in the 1st quarter valued at about $63,000. IFP Advisors Inc grew its stake in PIMCO Corporate & Income Opportunity Fund by 400.0% in the 2nd quarter. IFP Advisors Inc now owns 7,500 shares of the investment management company's stock worth $105,000 after acquiring an additional 6,000 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of PIMCO Corporate & Income Opportunity Fund by 45.6% during the fourth quarter. US Bancorp DE now owns 8,592 shares of the investment management company's stock worth $114,000 after acquiring an additional 2,692 shares during the period. Institutional investors own 10.25% of the company's stock.
PIMCO Corporate & Income Opportunity Fund Company Profile
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PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.
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