PIMCO Corporate & Income Strategy Fund (PCN)
Financial Services · NYQ
Fundamentals
Valuation and ratings
PIMCO Corporate & Income Strategy Fund trades at USD11.66, close to the USD11.94 our discounted cash flow model puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 67 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 9.3 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
PCN dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.113 | 1 |
| 2025 | USD0.791 | 7 |
| 2024 | USD1.36 | 12 |
| 2023 | USD1.36 | 12 |
| 2022 | USD1.51 | 13 |
| 2021 | USD1.36 | 12 |
| 2020 | USD1.36 | 12 |
| 2019 | USD1.42 | 13 |
| 2018 | USD1.44 | 13 |
| 2017 | USD1.36 | 12 |
| 2016 | USD1.78 | 13 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About PIMCO Corporate & Income Strategy Fund
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 fundamental analysis with a top-down security selection process to create its portfolio. The fund was formerly known as PIMCO Corporate Income Fund. PIMCO Corporate & Income Strategy Fund was formed on October 17, 2001 and is domiciled in the United States.
PCN passes 5 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is PIMCO Corporate & Income Strategy Fund (PCN) undervalued?
Against our discounted cash flow estimate of USD11.94, PCN at USD11.66 is 2% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is PCN's P/E ratio?
PCN trades at 9.3 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does PIMCO Corporate & Income Strategy Fund (PCN) pay a dividend?
Yes. PIMCO Corporate & Income Strategy Fund yields 11.48% at the current share price. It has paid USD0.113 per share over the trailing twelve months. It has paid a dividend in each of the last 24 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.