PIMCO Strategic Income Fund, Inc. Declares Monthly Dividend of $0.04 (NYSE:RCS)

Key Points

• PIMCO Strategic Income Fund (NYSE:RCS) declared a monthly dividend of $0.04 per share, payable May 1 to shareholders of record April 13 (ex-dividend date April 13), implying a 9.2% yield.
• Shares opened at $5.23, trading near their 52-week low of $5.09 versus a 52-week high of $8.00, with a 50-day SMA of $5.61 below the 200-day SMA of $6.36, signaling recent weakness.
• The fund is a closed-end, multi-sector fixed-income vehicle managed by PIMCO that allocates across government, corporate, asset- and mortgage-backed, high-yield, and emerging-market debt.

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Monday, April 13th will be given a dividend of 0.04 per share by the investment management company on Friday, May 1st. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Monday, April 13th.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE:RCS opened at $5.23 on Friday. PIMCO Strategic Income Fund has a 52-week low of $5.09 and a 52-week high of $8.00. The stock's fifty day simple moving average is $5.61 and its 200-day simple moving average is $6.36.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund NYSE: RCS is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world's leading fixed income investment managers, and leverages PIMCO's global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund's investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.