PIMCO Corporate & Income Strategy Fund (NYSE:PCN) to Issue Monthly Dividend of $0.11

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.112 per share by the investment management company on Wednesday, May 1st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date is Wednesday, April 10th.

PIMCO Corporate & Income Strategy Fund Trading Up 0.5 %

Shares of PIMCO Corporate & Income Strategy Fund stock opened at $14.17 on Monday. The firm has a 50-day simple moving average of $13.57 and a two-hundred day simple moving average of $12.68. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $10.70 and a fifty-two week high of $14.48.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC raised its position in shares of PIMCO Corporate & Income Strategy Fund by 6.6% during the 1st quarter. IHT Wealth Management LLC now owns 15,783 shares of the investment management company’s stock worth $248,000 after purchasing an additional 974 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of PIMCO Corporate & Income Strategy Fund by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,784 shares of the investment management company’s stock worth $109,000 after purchasing an additional 1,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of PIMCO Corporate & Income Strategy Fund by 4.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,155 shares of the investment management company’s stock worth $427,000 after purchasing an additional 1,183 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of PIMCO Corporate & Income Strategy Fund by 4.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 29,748 shares of the investment management company’s stock worth $369,000 after purchasing an additional 1,349 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its position in shares of PIMCO Corporate & Income Strategy Fund by 2.7% during the 4th quarter. Cetera Advisor Networks LLC now owns 72,100 shares of the investment management company’s stock worth $895,000 after purchasing an additional 1,871 shares during the last quarter.

PIMCO Corporate & Income Strategy Fund Company Profile

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.