PIMCO Corporate & Income Strategy Fund (PCN) Announces Monthly Dividend

The PIMCO Corporate & Income Strategy Fund (NYSE:PCN) has announced its monthly dividend for investors. The investment management company declared a dividend of $0.1125 per share on January 2nd. This dividend is set to be paid to investors of record on January 13th, with the payment date scheduled for February 3rd. This monthly payout corresponds to an annualized dividend of $1.35, representing a dividend yield of 9.94%.

Stock Performance of PIMCO Corporate & Income Strategy Fund

On Friday, shares of NYSE PCN opened at $13.58. Over the past year, the fund has seen fluctuations, with a low of $12.32 and a high of $14.36. The current 50-day simple moving average stands at $13.82, while the 200-day simple moving average is at $13.67, indicating a relatively stable performance.

About the Fund

PIMCO Corporate & Income Strategy Fund is a closed-end fixed income mutual fund. It is managed by PIMCO, a prominent investment management company, also known as Pacific Investment Management Company LLC. The fund primarily invests in the fixed income markets of the United States, focusing on securities from companies across various sectors, thereby aiming to provide a diversified income stream for its investors.

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