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

Key Points

• PIMCO Strategic Income Fund, Inc. has announced a monthly dividend of $0.04 per share, which will be distributed to stockholders on October 1st.
• The fund currently has an annualized dividend yield of 6.7%, with the ex-dividend date set for September 12th.
• PIMCO Strategic Income Fund's shares saw an increase to $7.22 during midday trading, reflecting its steady performance in the market.

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) announced a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Stockholders of record on Friday, September 12th will be given a dividend of 0.04 per share by the investment management company on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, September 12th.

PIMCO Strategic Income Fund Price Performance

Shares of NYSE RCS traded up $0.08 during midday trading on Monday, hitting $7.33. 128,974 shares of the company's stock traded hands, compared to its average volume of 100,816. PIMCO Strategic Income Fund has a 1 year low of $5.25 and a 1 year high of $8.09. The firm has a fifty day moving average of $7.11 and a 200 day moving average of $6.53.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in PIMCO Strategic Income Fund by 2.8% in the 2nd quarter. Osaic Holdings Inc. now owns 962,911 shares of the investment management company's stock worth $6,702,000 after acquiring an additional 26,234 shares in the last quarter. Barnes Wealth Management Group Inc boosted its stake in PIMCO Strategic Income Fund by 23.7% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 20,875 shares of the investment management company's stock worth $145,000 after purchasing an additional 4,000 shares during the period. Benjamin Edwards Inc. grew its stake in PIMCO Strategic Income Fund by 5.0% during the second quarter. Benjamin Edwards Inc. now owns 425,434 shares of the investment management company's stock valued at $2,961,000 after acquiring an additional 20,093 shares in the last quarter. StoneX Group Inc. purchased a new position in PIMCO Strategic Income Fund during the second quarter valued at $72,000. Finally, First Trust Advisors LP purchased a new position in PIMCO Strategic Income Fund during the second quarter valued at $85,000. Hedge funds and other institutional investors own 13.48% of the company's stock.

PIMCO Strategic Income Fund Company Profile

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.