PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Thursday, June 12th will be given a dividend of 0.04 per share by the investment management company on Tuesday, July 1st. This represents a $0.48 annualized dividend and a yield of 7.13%. The ex-dividend date is Thursday, June 12th.
PIMCO Strategic Income Fund has decreased its dividend payment by an average of 0.5% per year over the last three years.
PIMCO Strategic Income Fund Price Performance
RCS stock traded down $0.02 during mid-day trading on Thursday, reaching $6.73. 75,092 shares of the stock traded hands, compared to its average volume of 164,281. PIMCO Strategic Income Fund has a 52-week low of $5.25 and a 52-week high of $8.09. The stock's fifty day moving average is $5.96 and its 200-day moving average is $6.52.
Hedge Funds Weigh In On PIMCO Strategic Income Fund
A hedge fund recently raised its stake in PIMCO Strategic Income Fund stock. Comerica Bank raised its position in PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Free Report) by 959.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,295 shares of the investment management company's stock after purchasing an additional 4,795 shares during the quarter. Comerica Bank's holdings in PIMCO Strategic Income Fund were worth $33,000 at the end of the most recent quarter. Institutional investors and hedge funds own 13.48% of the company's stock.
PIMCO Strategic Income Fund Company Profile
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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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