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

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 0.04 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Monday, July 13th.

PIMCO Strategic Income Fund Price Performance

Shares of RCS opened at $5.57 on Thursday. The business’s 50 day simple moving average is $5.44 and its 200-day simple moving average is $5.68. PIMCO Strategic Income Fund has a one year low of $5.09 and a one year high of $8.00.

Institutional Trading of PIMCO Strategic Income Fund

Hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. increased its stake in shares of PIMCO Strategic Income Fund by 5.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 425,434 shares of the investment management company’s stock valued at $2,961,000 after buying an additional 20,093 shares during the period. UBS Group AG raised its stake in PIMCO Strategic Income Fund by 4.4% during the 4th quarter. UBS Group AG now owns 408,267 shares of the investment management company’s stock worth $2,274,000 after buying an additional 17,047 shares during the period. LPL Financial LLC raised its position in shares of PIMCO Strategic Income Fund by 30.6% during the fourth quarter. LPL Financial LLC now owns 369,581 shares of the investment management company’s stock worth $2,059,000 after purchasing an additional 86,529 shares during the period. Milestone Asset Management LLC raised its holdings in PIMCO Strategic Income Fund by 38.3% during the 4th quarter. Milestone Asset Management LLC now owns 172,517 shares of the investment management company’s stock worth $961,000 after buying an additional 47,767 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $603,000. 13.48% of the stock is owned by institutional investors.

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.