PIMCO Corporate & Income Strategy Fund
PIMCO Corporate & Income Strategy Fund is a closed-end fixed income fund that focuses on generating high current income through a diversified portfolio of U.S. credit and income-producing securities. The fund invests across corporate debt obligations, U.S. government securities, agency bonds, mortgage-backed securities, and asset-backed securities, giving it broad exposure to taxable fixed income markets. Managed by Allianz Global Investors Fund Management LLC and co-managed by Pacific Investment Management Company LLC, the fund uses a fundamental, top-down approach that emphasizes duration management, credit quality analysis, risk control, and issuer diversification. It is designed for investors seeking active fixed income management with a multi-sector mandate spanning companies and sectors across the U.S. bond market.
$10.69
-$0.01 (-0.09%)
EOD Oct 16, 2026
Revenue declined 29.6% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 1807% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$205M. The business is consuming cash, not generating it.
9.8x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$67M
▼ -29.6% YoY
Net Income (TTM)
$67M
▼ -29.6% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-$205M
▼ -1807.4% YoY
Op. Cash Flow (TTM)
-$205M
▼ -1807.4% YoY
Net Debt
$244M
Cash & Equiv.
$1M
3Y CAGR: +16.7%
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Is PIMCO Corporate & Income Strategy Fund (PCN) overvalued?
At a P/E of 9.8, PIMCO Corporate & Income Strategy Fund (PCN)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, PIMCO Corporate & Income Strategy Fund scores 25/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 12.7%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is PIMCO Corporate & Income Strategy Fund a high-quality business?+
PIMCO Corporate & Income Strategy Fund scores 25 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does PIMCO Corporate & Income Strategy Fund (PCN) pay a dividend, and how much?+
Yes, PIMCO Corporate & Income Strategy Fund pays a regular dividend of about $1.36 per share per year (typically in quarterly installments), a yield of roughly 12.7% at the current price. That is a payout ratio of about 124.2% of earnings, so the dividend is stretched at this level. PIMCO Corporate & Income Strategy Fund has grown the dividend at roughly 39.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PCN's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is PIMCO Corporate & Income Strategy Fund a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh PCN's valuation and scores 25/100 on quality (lower-quality). It also yields about 12.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.