PIMCO Income Opportunity Fund (NYSE:PKO) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.19 per share by the financial services provider on Thursday, February 1st. This represents a $2.28 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date of this dividend is Thursday, January 11th.
PIMCO Income Opportunity Fund has decreased its dividend by an average of 5.4% annually over the last three years.
PIMCO Income Opportunity Fund (NYSE:PKO) traded up $0.04 during mid-day trading on Wednesday, reaching $26.61. The company had a trading volume of 58,000 shares, compared to its average volume of 69,017. PIMCO Income Opportunity Fund has a 12-month low of $23.37 and a 12-month high of $27.27. The stock has a market cap of $398.96, a price-to-earnings ratio of 5.13 and a beta of 0.44.
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PIMCO Income Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek current income as a primary focus and also capital appreciation. The Fund invests a substantial portion of assets in a variety of mortgage-related securities and may hold common stocks, including those received from conversion of other portfolio securities.
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