PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Plans Monthly Dividend of $0.07

PIMCO Global StocksPLUS & Income Fund (NYSE:PGPGet Rating) declared a monthly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Thursday, May 12th will be given a dividend of 0.069 per share on Wednesday, June 1st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 9.67%. The ex-dividend date is Wednesday, May 11th.

PIMCO Global StocksPLUS & Income Fund has decreased its dividend by an average of 17.3% per year over the last three years.

PGP opened at $8.56 on Monday. PIMCO Global StocksPLUS & Income Fund has a 12-month low of $8.23 and a 12-month high of $11.56. The stock’s fifty day moving average price is $9.03.

Several institutional investors and hedge funds have recently bought and sold shares of PGP. Royal Bank of Canada grew its position in shares of PIMCO Global StocksPLUS & Income Fund by 80.4% during the 3rd quarter. Royal Bank of Canada now owns 3,245 shares of the company’s stock worth $35,000 after buying an additional 1,446 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 4th quarter worth $134,000. Morgan Stanley lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 19.5% during the 2nd quarter. Morgan Stanley now owns 40,188 shares of the company’s stock worth $446,000 after purchasing an additional 6,567 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 4th quarter worth $755,000.

About PIMCO Global StocksPLUS & Income Fund (Get Rating)

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.

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Dividend History for PIMCO Global StocksPLUS & Income Fund (NYSE:PGP)

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