Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Friday, July 11th will be paid a dividend of 0.1188 per share by the investment management company on Friday, August 1st. This represents a $1.43 annualized dividend and a yield of 10.25%. The ex-dividend date of this dividend is Friday, July 11th.
Pimco Corporate & Income Opportunity Fund Price Performance
NYSE:PTY traded up $0.02 on Friday, reaching $13.92. 314,805 shares of the company's stock were exchanged, compared to its average volume of 688,976. The stock has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $14.08. Pimco Corporate & Income Opportunity Fund has a 52 week low of $11.70 and a 52 week high of $14.87.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake 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 purchasing an additional 2,256 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the first quarter worth $209,000. NewEdge Advisors LLC boosted its stake in Pimco Corporate & Income Opportunity Fund by 2.5% during the first quarter. NewEdge Advisors LLC now owns 88,471 shares of the investment management company's stock valued at $1,279,000 after buying an additional 2,164 shares during the period. Finally, Jane Street Group LLC purchased a new position in Pimco Corporate & Income Opportunity Fund during the first quarter worth about $472,000. 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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