PIMCO Corporate & Income Opportunity Fund declares $0.1188 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
0mins
Source: SeekingAlpha
Dividend Declaration: PIMCO Corporate & Income Opportunity Fund (PTY) has declared a monthly dividend of $0.1188 per share, with a forward yield of 9.83%.
Payment Details: The dividend is payable on May 1 to shareholders of record as of April 11, with the ex-dividend date also set for April 11.
Analyst Views on PTY
Wall Street analysts forecast PTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PTY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.060
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Current: 13.060
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About PTY
PIMCO Corporate & Income Opportunity Fund (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, with capital preservation and capital appreciation as secondary objectives. The Fund is focused on investing approximately 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States Government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis. The Fund invests approximately 25% of its total assets in corporate debt obligations and other corporate income-producing securities. It invests in various sectors, including technology, banks, healthcare, wirelines, automotive, oilfield services, and others. Pacific Investment Management Company LLC serves as the Fund's investment manager.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
