PIMCO Income Strategy Fund (NYSE:PFL) Announces $0.08 Monthly Dividend

PIMCO Income Strategy Fund (NYSE:PFL) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.0814 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Thursday, August 13th.

PIMCO Income Strategy Fund Stock Performance

Shares of PIMCO Income Strategy Fund stock opened at $7.75 on Tuesday. The stock’s 50 day simple moving average is $7.74 and its 200-day simple moving average is $8.00. PIMCO Income Strategy Fund has a 1-year low of $7.52 and a 1-year high of $8.70.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in PIMCO Income Strategy Fund during the fourth quarter worth $29,000. Sprinkle Financial Consultants LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter worth $80,000. Jane Street Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter worth $94,000. CoreCap Advisors LLC raised its holdings in shares of PIMCO Income Strategy Fund by 47.9% during the 2nd quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock worth $97,000 after acquiring an additional 4,000 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of PIMCO Income Strategy Fund by 27.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,142 shares of the investment management company’s stock worth $126,000 after acquiring an additional 3,230 shares during the period.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.