PTY Ex-Dividend Reminder - 5/9/13

Looking at the universe of stocks we cover at Dividend Channel, on 5/9/13, PIMCO Corporate Opportunity Fund (PTY) will trade ex-dividend, for its monthly dividend of $0.13, payable on 6/3/13. As a percentage of PTY's recent stock price of $22.10, this dividend works out to approximately 0.59%, so look for shares of PIMCO Corporate Opportunity Fund to trade 0.59% lower — all else being equal — when PTY shares open for trading on 5/9/13.

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Below is a dividend history chart for PTY, showing historical dividends prior to the most recent $0.13 declared by PIMCO Corporate Opportunity Fund:

PTY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PTY is likely to continue, and whether the current estimated yield of 7.06% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of PTY shares, versus its 200 day moving average:

PIMCO Corporate Opportunity Fund 200 Day Moving Average Chart

Looking at the chart above, PTY's low point in its 52 week range is $17.11 per share, with $22.17 as the 52 week high point — that compares with a last trade of $22.10.

In Tuesday trading, PIMCO Corporate Opportunity Fund shares are currently trading flat on the day.

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