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PIMCO Corporate & Income Opportunity Fund to Issue Monthly Dividend of $0.12 (NYSE:PTY)

PIMCO Corporate & Income Opportunity Fund logo with Finance background

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.1188 per share by the investment management company on Tuesday, July 1st. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.29%. The ex-dividend date is Thursday, June 12th.

PIMCO Corporate & Income Opportunity Fund Stock Performance

PIMCO Corporate & Income Opportunity Fund stock traded down $0.02 during mid-day trading on Thursday, reaching $13.85. The stock had a trading volume of 303,104 shares, compared to its average volume of 776,215. The company has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $14.22. PIMCO Corporate & Income Opportunity Fund has a one year low of $11.70 and a one year high of $14.87.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its position in PIMCO Corporate & Income Opportunity Fund by 0.8% in the 1st quarter. Royal Bank of Canada now owns 272,394 shares of the investment management company's stock worth $3,939,000 after buying an additional 2,256 shares during the last quarter. NewEdge Advisors LLC raised its position in PIMCO Corporate & Income Opportunity Fund by 2.5% in the 1st quarter. NewEdge Advisors LLC now owns 88,471 shares of the investment management company's stock worth $1,279,000 after buying an additional 2,164 shares during the last quarter. Jane Street Group LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth about $472,000. Finally, Integrated Wealth Concepts LLC purchased a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth about $209,000. Institutional investors own 10.25% of the company's stock.

PIMCO Corporate & Income Opportunity Fund Company Profile

(Get Free Report)

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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Dividend History for PIMCO Corporate & Income Opportunity Fund (NYSE:PTY)

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