PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) to Issue Dividend Increase – $0.12 Per Share

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY – Get Rating) announced a monthly dividend on Monday, May 2nd, Zacks reports. Shareholders of record on Thursday, May 12th will be paid a dividend of 0.119 per share by the investment management company on Wednesday, June 1st. This represents a $1.43 dividend on an annualized basis and a yield of 9.87%. The ex-dividend date of this dividend is Wednesday, May 11th. This is a positive change from PIMCO Corporate & Income Opportunity Fund’s previous monthly dividend of $0.12.

PIMCO Corporate & Income Opportunity Fund has decreased its dividend payment by an average of 2.4% per year over the last three years.

Shares of PTY stock opened at $14.47 on Monday. PIMCO Corporate & Income Opportunity Fund has a twelve month low of $13.34 and a twelve month high of $21.66. The stock has a fifty day simple moving average of $14.81 and a two-hundred day simple moving average of $16.10.

Hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter worth $140,000. Bank of New York Mellon Corp lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 18.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 14,778 shares of the investment management company’s stock worth $271,000 after buying an additional 2,289 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter worth $315,000. Millennium Management LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 3rd quarter worth $365,000. Finally, Virtu Financial LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter worth $376,000. Institutional investors and hedge funds own 8.62% of the company’s stock.

About PIMCO Corporate & Income Opportunity Fund (Get Rating)

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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