PIMCO Corporate & Income Strategy Fund (PCN)

NYSE: PCN · Real-Time Price · USD
13.99
+0.13 (0.94%)
Nov 8, 2024, 4:00 PM EST - Market closed
0.94%
Market Value 667.75M
Revenue (ttm) 67.25M
Net Income (ttm) 71.58M
Shares Out 47.73M
EPS (ttm) 1.24
PE Ratio 11.28
Forward PE n/a
Dividend $1.35 (9.65%)
Ex-Dividend Date Nov 12, 2024
Volume 347,326
Open 13.91
Previous Close 13.86
Day's Range 13.91 - 14.07
52-Week Range 11.91 - 14.36
Beta 0.99
Analysts n/a
Price Target n/a
Earnings Date n/a

About PCN

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in fixed income securities such as treasury bonds, corporate notes, U.S. government agency securities, mortgage backed and asset-backed securities. The fund employs fundame... [Read more]

Sector Financials
Founded 2001
Country United States
Stock Exchange NYSE
Ticker Symbol PCN
Full Company Profile

News

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution fo...

Other symbols: PAXSPCKPCMPCQPDIPDOPDX
7 days ago - GlobeNewsWire

My 9.5% Income Portfolio-Fifty Shades Of Blue

My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus o...

23 days ago - Seeking Alpha

PCN: Inflation Brings Downside Risks

PIMCO Corporate & Income Strategy Fund offers a high yield of 9.44%, outperforming peers and providing substantial income for investors. Inflation poses risks to bond funds like this one, potentially ...

4 weeks ago - Seeking Alpha

PIMCO Update | Sept 2024 | Muni Coverage Jumps (Maybe), Taxables See Significant ATM Benefit

The best taxable closed-end funds are PHK, PFN, and at slightly cheaper valuations, PDI and PCN; best munis are PMF, NY funds, and PCK in CA. Distributions are safe due to funds monetizing premiums vi...

Other symbols: PAXSPCKPDIPFNPHKPMFPNF
5 weeks ago - Seeking Alpha

My 9.5% Income Portfolio-The View From The Top

Total Return is a percentage measure reflecting the total performance of a fund, incorporating both capital gains and the effect of dividends reinvested over a specific period. Net Asset Value is the ...

2 months ago - Seeking Alpha

PCN: This Is A Good Bond CEF, But Do Not Ignore The Risks

The PIMCO Corporate & Income Strategy Fund offers a high yield of 10.04%, beating inflation, but bonds may not hold value in an inflationary environment. The fund's leverage is lower than peers, reduc...

3 months ago - Seeking Alpha

PIMCO Update May 2024 - PDX Levers Up

Coverage on PIMCO CEFs improved, with muni CEF coverage ratio up 9 points to 89% and taxable CEFs up over 20 points to 84.6%. Leverage changes varied among funds, with some cutting borrowing significa...

Other symbols: PAXSPDIPDOPDXPFLPFNPHK
5 months ago - Seeking Alpha

CEF Report | May 2024 | Activism Is Heating Up

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Se...

5 months ago - Seeking Alpha

Building A 10% Income Portfolio Today

Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up...

5 months ago - Seeking Alpha

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisi...

Other symbols: BMEDNPGLUGOFGUTLEGMMM
5 months ago - Seeking Alpha

PIMCO CEF Update: Income Volatility And Yield Curve Risk

We take a look at coverage, leverage, and performance metrics of the PIMCO CEF suite. Taxable and Muni PIMCO CEF coverage diverge further in March, with average taxable coverage at new lows over the l...

Other symbols: PAXSPCMPDIPDOPDXPFLPFN
6 months ago - Seeking Alpha

PIMCO Update Feb 2024 | PDX Makes The Move, Valuations Remain Rich

Funds rely on at-the-market offerings and capital gains to make up for earnings shortfalls and maintain distributions. Coverage levels for taxable funds declined in January due to the falling value of...

Other symbols: PAXSPDIPFLPFNPHKPTY
8 months ago - Seeking Alpha

PCN: Good Bond CEF With Fully-Covered Distribution, But Huge Premium Is Problematic

The PIMCO Corporate & Income Strategy Fund offers a competitive 9.88% distribution yield, higher than many of its peers. The PCN closed-end fund has underperformed the Bloomberg U.S. Aggregate Bond In...

8 months ago - Seeking Alpha

My 9% Income Portfolio - Harmony In Investment

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, s...

8 months ago - Seeking Alpha

PIMCO CEF Update: Performance Reversal And New Swap Shenanigans

Coverage for PIMCO CEFs has improved for muni funds but fell slightly for taxable funds.

Other symbols: PAXSPCMPDOPDXPFLPFNPTY
8 months ago - Seeking Alpha

Pimco Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution f...

Other symbols: PAXSPCKPCMPCQPDIPDOPFL
9 months ago - GlobeNewsWire

My 9% Income Portfolio-In Search For Happiness

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those i...

9 months ago - Seeking Alpha

CEF Weekly Commentary | Swap Some MAIN Bonds?

Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation...

Other symbols: ASGASGIBGBBTADMFECCGLV
10 months ago - Seeking Alpha

PIMCO Update (Quick) | January 2024 | Watch The NAV Momentum Turn

Not much has changed fundamentally in taxable PIMCOs, but there has been a shift in valuations and sentiment. The drop in the dollar has put downward pressure on funds with exposure to foreign bonds a...

Other symbols: PDIPHK
10 months ago - Seeking Alpha

My 9% Income Portfolio-Living Off Dividends

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, as...

11 months ago - Seeking Alpha

PCN: Still Not A Buy As We Look To 2024

The article evaluates the PIMCO Corporate & Income Strategy Fund as an investment option. The fund's premium to NAV, poor income metrics, and the market's narrowing of high-yield corporate spreads all...

11 months ago - Seeking Alpha

PCN CEF: Possible Gains In Store For The Brave

The PIMCO Corporate & Income Strategy Fund has experienced a significant drawdown, opening up a potential value gap. The fund's portfolio is diversified across various corporate sectors, presenting in...

1 year ago - Seeking Alpha

PIMCO CEF Update: Key Tidbits From The Shareholder Report

We provide an August update for the PIMCO CEF taxable suite. Coverage remained steady at nearly 70% on average for taxable funds. Borrowings ticked higher but remain in a six-month range.

Other symbols: PAXSPCMPDIPDOPFLPFNPGP
1 year ago - Seeking Alpha

PCN: Great Bond Fund, But Enormous Premium Presents Risks

The PIMCO Corporate & Income Strategy Fund offers a high level of income with a 9.83% yield. The fund has performed well in the market, but there are concerns about the market's optimism on bonds and ...

1 year ago - Seeking Alpha

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution f...

Other symbols: PAXSPCKPCMPCQPDIPDOPFL
1 year ago - GlobeNewsWire