PIMCO Income Opportunity Fund (NYSE:PKO) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.19 per share by the financial services provider on Tuesday, January 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Friday, December 8th.
PIMCO Income Opportunity Fund has decreased its dividend payment by an average of 9.6% annually over the last three years.
Shares of PIMCO Income Opportunity Fund (NYSE:PKO) opened at $26.35 on Thursday. PIMCO Income Opportunity Fund has a one year low of $22.93 and a one year high of $27.27.
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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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