PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Rating) announced a monthly dividend on Friday, June 3rd, Wall Street Journal reports. Investors of record on Monday, June 13th will be given a dividend of 0.051 per share by the investment management company on Friday, July 1st. This represents a $0.61 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Friday, June 10th.
PIMCO Strategic Income Fund has decreased its dividend by an average of 10.9% per year over the last three years.
Shares of NYSE RCS traded down $0.08 during mid-day trading on Friday, hitting $5.28. 111,593 shares of the stock traded hands, compared to its average volume of 163,136. PIMCO Strategic Income Fund has a twelve month low of $5.06 and a twelve month high of $8.23. The firm has a 50 day simple moving average of $5.56 and a two-hundred day simple moving average of $6.15.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC lifted its holdings in PIMCO Strategic Income Fund by 135.3% during the 1st quarter. Virtu Financial LLC now owns 47,911 shares of the investment management company’s stock worth $282,000 after buying an additional 27,551 shares during the period. Guggenheim Capital LLC lifted its holdings in PIMCO Strategic Income Fund by 15.2% during the 1st quarter. Guggenheim Capital LLC now owns 518,117 shares of the investment management company’s stock worth $3,047,000 after buying an additional 68,369 shares during the period. Rivernorth Capital Management LLC acquired a new position in PIMCO Strategic Income Fund during the 1st quarter worth about $3,156,000. Worth Asset Management LLC acquired a new position in PIMCO Strategic Income Fund during the 1st quarter worth about $38,000. Finally, NewEdge Advisors LLC lifted its holdings in PIMCO Strategic Income Fund by 1.1% during the 1st quarter. NewEdge Advisors LLC now owns 185,800 shares of the investment management company’s stock worth $1,093,000 after buying an additional 2,100 shares during the period. 20.51% of the stock is currently owned by hedge funds and other institutional investors.
About PIMCO Strategic Income Fund (Get Rating)
PIMCO Strategic Global Government Fund, Inc 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 fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.
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