SmarterDividends
PCN

PIMCO Corporate & Income Strategy Fund

PCN

Financial Services · Asset Management · Stock · monthly payer

$10.50

Undervalued · +38% Add to Portfolio

Forward Yield

12.59%

Annual Dividend

$1.35

Payout Ratio

144%

5-Yr Growth

0.0%

Ex-Date

Oct 13, 2026

Frequency

Monthly

Key facts about PCN's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, PIMCO Corporate & Income Strategy Fund (PCN) has a forward dividend yield of 12.59%, based on an annual dividend of $1.35 per share and a share price of $10.50.
  • As of Oct 15, 2026, PCN's dividend safety grade from SmarterDividends is B (71 out of 100), which rates the dividend as safe.
  • PCN last cut its regular dividend in 2015.
  • PCN's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.11 per share.
  • As of Oct 15, 2026, PCN pays out 144% of its trailing 12-month earnings as dividends (its payout ratio).
  • PCN's dividend has been roughly flat over the past five years.
  • As of Oct 15, 2026, PCN's 12.59% yield is 27% above its five-year average yield of 9.89%.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for PCN is $14.51 per share, 38% above the $10.50 share price, so PCN screens as undervalued.
  • PIMCO Corporate & Income Strategy Fund (PCN) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "PCN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/PCN

Summary

As of Oct 15, 2026, PIMCO Corporate & Income Strategy Fund (PCN) yields 12.59% ($1.35 a year per share) and has a dividend safety grade of B (71/100).

Is PCN a good dividend stock?

Yes, with caveats

PIMCO Corporate & Income Strategy Fund (PCN) pays a monthly dividend yielding 12.59% ($1.35/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2015
    • Elevated payout ratio (144%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    12.59%
    Payout Ratio
    144%
    Annual Dividend
    $1.35
    5-Yr Avg Growth
    0.0%
    Ex-Dividend Date
    Oct 13, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.81
    Market Cap
    $794.8M
    P/E Ratio
    11.4
    5-Yr Total Return
    -41%
    52-Week Range
    $10.44 – $13.47
    Dividend Safety
    B · 71/100
    Ever Cut?
    Yes (2015)
    PCN ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →PCN dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is PCN a good dividend stock?

    Yes, with caveats. PIMCO Corporate & Income Strategy Fund (PCN) pays a monthly dividend yielding 12.59% ($1.35/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

    Is PCN undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PCN's fair value is about $14.51 versus a $10.50 share price — so it looks undervalued (+38% vs. fair value).

    Is PCN's dividend safe?

    PCN has a dividend-safety grade of B (71/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

    What is PCN's fair value?

    Our blended fair-value estimate for PCN is about $14.51 per share, roughly 38% above the current $10.50 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is PCN a buy, hold, or sell?

    We don't issue formal ratings, but on the data PCN screens as "yes, with caveats" and undervalued. PIMCO Corporate & Income Strategy Fund (PCN) pays a monthly dividend yielding 12.59% ($1.35/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will PCN cut its dividend?

    PCN earns a dividend-safety grade of B (71/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does PCN pay a dividend?

    Yes. PIMCO Corporate & Income Strategy Fund pays a monthly dividend of about $1.35 per share annually, a forward yield of roughly 12.59%.

    What is PCN's dividend yield?

    As of Oct 15, 2026, PCN's forward dividend yield is 12.59%, based on a $1.35 annual dividend and a $10.50 share price.

    What is PCN's dividend per share?

    As of Oct 15, 2026, PCN pays $1.35 per share per year, distributed on a monthly basis.

    What is PCN's dividend payout ratio?

    As of Oct 15, 2026, PCN's payout ratio is 144% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has PCN grown its dividend?

    PCN does not currently have a long dividend-growth streak on record.

    When is the next PCN ex-dividend date?

    As of Oct 15, 2026, PCN's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.11 per share.

    Income Calculator

    At $1.35 / yr per share

    Per payment (monthly)$11.25
    Annual$135.00
    Monthly avg$11.25

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