PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Announces Monthly Dividend of $0.05

PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Rating) announced a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Shareholders of record on Thursday, May 12th will be paid a dividend of 0.051 per share by the investment management company on Wednesday, June 1st. This represents a $0.61 dividend on an annualized basis and a dividend yield of 11.09%. The ex-dividend date is Wednesday, May 11th.

PIMCO Strategic Income Fund has decreased its dividend by an average of 10.9% per year over the last three years.

Shares of RCS stock opened at $5.52 on Thursday. The stock has a 50 day moving average of $5.75 and a two-hundred day moving average of $6.45. PIMCO Strategic Income Fund has a 12 month low of $5.32 and a 12 month high of $8.23.

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of PIMCO Strategic Income Fund in the 4th quarter worth approximately $138,000. Bank of America Corp DE lifted its position in shares of PIMCO Strategic Income Fund by 12.1% during the 2nd quarter. Bank of America Corp DE now owns 22,550 shares of the investment management company’s stock worth $172,000 after buying an additional 2,437 shares during the period. Susquehanna International Group LLP bought a new position in shares of PIMCO Strategic Income Fund during the 4th quarter worth approximately $195,000. NewEdge Advisors LLC bought a new position in shares of PIMCO Strategic Income Fund during the 4th quarter worth approximately $1,247,000. Finally, Invesco Ltd. lifted its position in shares of PIMCO Strategic Income Fund by 8.6% during the 4th quarter. Invesco Ltd. now owns 324,052 shares of the investment management company’s stock worth $2,200,000 after buying an additional 25,722 shares during the period. Institutional investors own 20.51% of the company’s stock.

PIMCO Strategic Income Fund Company Profile (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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