PIMCO Corporate & Income Strategy Fund Declares $0.1125 Monthly Dividend
The PIMCO Corporate & Income Strategy Fund (PCN) has declared a monthly dividend of $0.1125 per share, consistent with its previous payout levels. The forward yield is currently at 12.61%. Shareholders of record as of October 13 will receive the payment on November 2, and shares will trade ex-dividend starting that same date. The fund has been under scrutiny due to rising borrowing costs affecting its performance, with recent analyst reports suggesting a cautious approach or downgrading to 'Hold' based on interest rate sensitivity and share dilution concerns. Despite these challenges, the consistent dividend payout may provide some stability for income-focused investors.
Tickers: $PCN
Topics: dividends fixed income