PIMCO Strategic Income Fund, Inc. (NYSE: RCS – Get a rating) announced a monthly dividend on Friday, June 3, the wall street journal reports. Investors of record on Monday, June 13 will receive a dividend of 0.051 per share from the management company on Friday, July 1. This represents an annualized dividend of $0.61 and a dividend yield of 11.59%. The ex-date of this dividend is Friday, June 10.
PIMCO Strategic Income Fund has reduced its dividend by an average of 10.9% per year over the past three years.
Shares of NYSE RCS traded down $0.08 during Friday’s midday session, hitting $5.28. 111,593 shares of the stock were traded, compared to its average volume of 163,136. PIMCO Strategic Income Fund has a 12-month low of $5.06 and a 12-month high of $8.23. The company 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 changed their positions in the company. Virtu Financial LLC increased 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 worth $282,000 after purchasing an additional 27,551 shares during the period. Guggenheim Capital LLC increased its stake 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 worth $3,047,000 after purchasing an additional 68,369 shares during the period. Rivernorth Capital Management LLC acquired a new position in PIMCO Strategic Income Fund during Q1 worth approximately $3,156,000. Worth Asset Management LLC acquired a new position in PIMCO Strategic Income Fund during Q1 worth approximately $38,000. Finally, NewEdge Advisors LLC increased its stake in PIMCO Strategic Income Fund by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 185,800 shares of the investment management firm worth $1,093,000 after purchasing 2,100 additional shares during the period. 20.51% of the shares are currently held by hedge funds and other institutional investors.
About PIMCO Strategic Income Fund (Get a rating)
PIMCO Strategic Global Government Fund, Inc is a closed-end, 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 bond markets around the world. The fund invests primarily in government securities, including bonds issued or guaranteed by US or foreign governments, their agencies, authorities or intermediaries, or by supranational entities.
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