PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) announced a monthly dividend on Thursday, February 1st, investing.com reports. Stockholders of record on Monday, February 12th will be given a dividend of 0.0814 per share by the investment management company on Friday, March 1st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date of this dividend is Friday, February 9th.
PIMCO Income Strategy Fund has decreased its dividend payment by an average of 3.3% annually over the last three years.
PIMCO Income Strategy Fund Stock Up 0.1 %
PFL stock opened at $8.47 on Wednesday. PIMCO Income Strategy Fund has a twelve month low of $6.98 and a twelve month high of $9.05. The stock has a 50-day simple moving average of $8.38 and a two-hundred day simple moving average of $8.01.
Institutional Trading of PIMCO Income Strategy Fund
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in PIMCO Income Strategy Fund by 48.8% in the 1st quarter. Bank of America Corp DE now owns 112,035 shares of the investment management company’s stock worth $911,000 after buying an additional 36,763 shares during the last quarter. LPL Financial LLC lifted its position in PIMCO Income Strategy Fund by 31.4% in the 3rd quarter. LPL Financial LLC now owns 78,824 shares of the investment management company’s stock worth $605,000 after buying an additional 18,829 shares during the last quarter. Royal Bank of Canada lifted its position in PIMCO Income Strategy Fund by 2.7% in the 3rd quarter. Royal Bank of Canada now owns 78,825 shares of the investment management company’s stock worth $605,000 after buying an additional 2,035 shares during the last quarter. Mariner LLC bought a new stake in PIMCO Income Strategy Fund in the 4th quarter worth approximately $375,000. Finally, Kingsview Wealth Management LLC bought a new stake in PIMCO Income Strategy Fund in the 2nd quarter worth approximately $207,000.
About PIMCO Income Strategy Fund
PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.
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