Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Shares to Pay Monthly Dividend of $0.12

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.1188 per share by the investment management company on Monday, November 2nd. This represents a $1.43 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Tuesday, October 13th.

Pimco Corporate & Income Opportunity Fund Stock Performance

Shares of PTY opened at $11.02 on Friday. The company has a 50-day simple moving average of $11.55 and a two-hundred day simple moving average of $11.83. Pimco Corporate & Income Opportunity Fund has a one year low of $10.65 and a one year high of $14.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter worth $32,000. Continuum Advisory LLC bought a new position in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter valued at approximately $37,000. Ameritas Advisory Services LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 2nd quarter worth approximately $75,000. Global Retirement Partners LLC bought a new stake in Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth approximately $106,000. Finally, CoreCap Advisors LLC raised its stake in Pimco Corporate & Income Opportunity Fund by 1,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 9,900 shares of the investment management company’s stock worth $119,000 after acquiring an additional 9,000 shares during the period. 10.25% of the stock is owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade securities, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments.