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

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) announced a monthly dividend on Monday, June 1st. Investors of record on Thursday, June 11th will be paid a dividend of 0.04 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Thursday, June 11th.

PIMCO Strategic Income Fund Stock Performance

Shares of NYSE:RCS opened at $5.61 on Tuesday. The company has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $5.88. PIMCO Strategic Income Fund has a 12-month low of $5.09 and a 12-month high of $8.00.

Institutional Trading of PIMCO Strategic Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. increased its stake in PIMCO Strategic Income Fund by 5.0% during the second quarter. Benjamin Edwards Inc. now owns 425,434 shares of the investment management company’s stock valued at $2,961,000 after purchasing an additional 20,093 shares during the last quarter. UBS Group AG increased its stake in PIMCO Strategic Income Fund by 4.4% during the fourth quarter. UBS Group AG now owns 408,267 shares of the investment management company’s stock valued at $2,274,000 after purchasing an additional 17,047 shares during the last quarter. LPL Financial LLC increased its stake in 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 valued at $2,059,000 after purchasing an additional 86,529 shares during the last quarter. Milestone Asset Management LLC increased its stake in PIMCO Strategic Income Fund by 38.3% during the fourth quarter. Milestone Asset Management LLC now owns 172,517 shares of the investment management company’s stock valued at $961,000 after purchasing an additional 47,767 shares during the last quarter. Finally, Silver Oak Securities Incorporated bought a new stake in PIMCO Strategic Income Fund during the fourth quarter valued at $603,000. Institutional investors own 13.48% of the company’s stock.

About PIMCO Strategic Income Fund

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.