PIMCO Income Strategy (NYSE:PFN) announced a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Thursday, April 12th will be paid a dividend of 0.08 per share by the financial services provider on Tuesday, May 1st. This represents a $0.96 annualized dividend and a yield of 9.19%. The ex-dividend date is Wednesday, April 11th.
PIMCO Income Strategy has increased its dividend by an average of 2.9% annually over the last three years.
Shares of PFN stock opened at $10.45 on Friday. PIMCO Income Strategy has a 52 week low of $10.00 and a 52 week high of $10.89.
About PIMCO Income Strategy
PIMCO Income Strategy Fund II (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, consistent with the preservation of capital. The Fund allocates assets in varying proportions among floating- and fixed-rate debt instruments, as well as among investment grade and non-investment-grade securities.
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