PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Plans Monthly Dividend of $0.07

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.069 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Thursday, August 13th.

PIMCO Global StocksPLUS & Income Fund Trading Up 1.6%

Shares of PGP stock opened at $8.61 on Tuesday. The business’s 50 day simple moving average is $8.57 and its 200 day simple moving average is $8.80. PIMCO Global StocksPLUS & Income Fund has a one year low of $8.04 and a one year high of $9.41.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

A number of institutional investors have recently modified their holdings of PGP. Shaker Financial Services LLC grew its position in shares of PIMCO Global StocksPLUS & Income Fund by 81.7% during the 4th quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock worth $1,044,000 after buying an additional 51,186 shares during the period. Kestra Advisory Services LLC lifted its position in shares of PIMCO Global StocksPLUS & Income Fund by 88.1% during the 4th quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock valued at $821,000 after acquiring an additional 42,097 shares during the period. Fifth Third Bancorp acquired a new position in shares of PIMCO Global StocksPLUS & Income Fund during the 1st quarter valued at $128,000. LPL Financial LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 9.0% during the fourth quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock worth $1,620,000 after acquiring an additional 14,627 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 44.6% during the second quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after acquiring an additional 3,300 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.