PIMCO Global StocksPLUS & Income Fund (PGP) to Issue Monthly Dividend of $0.07 on May 1st

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) announced a monthly dividend on Monday, April 1st, investing.com reports. Shareholders of record on Thursday, April 11th will be given a dividend of 0.069 per share on Wednesday, May 1st. This represents a $0.83 annualized dividend and a yield of 10.97%. The ex-dividend date of this dividend is Wednesday, April 10th.

PIMCO Global StocksPLUS & Income Fund has decreased its dividend payment by an average of 4.6% annually over the last three years.

PIMCO Global StocksPLUS & Income Fund Stock Down 0.4 %

PIMCO Global StocksPLUS & Income Fund stock opened at $7.55 on Monday. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $5.83 and a 1-year high of $7.81. The company has a fifty day simple moving average of $7.57 and a 200 day simple moving average of $7.13.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PGP. International Assets Investment Management LLC boosted its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 650.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,625 shares of the company’s stock valued at $42,000 after buying an additional 4,875 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of PIMCO Global StocksPLUS & Income Fund in the 1st quarter valued at about $96,000. Merit Financial Group LLC bought a new position in shares of PIMCO Global StocksPLUS & Income Fund in the 1st quarter valued at about $133,000. Comerica Bank acquired a new position in shares of PIMCO Global StocksPLUS & Income Fund during the 3rd quarter worth about $102,000. Finally, Arlington Capital Management Inc. bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund in the 1st quarter valued at about $116,000.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.