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

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be paid a dividend of $0.04 per share by the investment management company on Monday, November 2nd. This represents a $0.48 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, October 13th.

PIMCO Strategic Income Fund Price Performance

Shares of PIMCO Strategic Income Fund stock opened at $5.06 on Friday. PIMCO Strategic Income Fund has a fifty-two week low of $4.84 and a fifty-two week high of $7.98. The business’s fifty day moving average is $5.14 and its two-hundred day moving average is $5.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Equitable Holdings Inc. purchased a new stake in shares of PIMCO Strategic Income Fund during the 2nd quarter worth about $344,000. Bank of America Corp DE acquired a new position in shares of PIMCO Strategic Income Fund in the 2nd quarter valued at approximately $332,000. Ameritas Advisory Services LLC grew its position in shares of PIMCO Strategic Income Fund by 81.2% during the second quarter. Ameritas Advisory Services LLC now owns 45,127 shares of the investment management company’s stock worth $246,000 after buying an additional 20,218 shares in the last quarter. Straight Path Wealth Management lifted its position in shares of PIMCO Strategic Income Fund by 23.9% during the fourth quarter. Straight Path Wealth Management now owns 38,900 shares of the investment management company’s stock worth $217,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in PIMCO Strategic Income Fund in the second quarter worth $185,000. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund, Inc (NYSE: RCS) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation. Its shares trade on the New York Stock Exchange.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-generating investments. Its holdings may include government and corporate bonds, mortgage-related securities, emerging-market debt, high-yield securities and other domestic and international debt instruments.