PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) declared a monthly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Monday, May 12th will be given a dividend of 0.1188 per share by the investment management company on Monday, June 2nd. This represents a $1.43 annualized dividend and a yield of 10.33%. The ex-dividend date is Monday, May 12th.
PIMCO Corporate & Income Opportunity Fund has raised its dividend payment by an average of 4.1% per year over the last three years.
PIMCO Corporate & Income Opportunity Fund Price Performance
Shares of NYSE:PTY remained flat at $13.80 during midday trading on Friday. 617,126 shares of the stock traded hands, compared to its average volume of 658,056. PIMCO Corporate & Income Opportunity Fund has a one year low of $11.70 and a one year high of $14.87. The business's 50 day moving average price is $13.82 and its 200 day moving average price is $14.32.
About PIMCO Corporate & Income Opportunity Fund
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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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