PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Shareholders to Collect $0.07 Monthly Dividend

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.0690 per share on Monday, November 2nd. This represents a $0.83 annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Tuesday, October 13th.

PIMCO Global StocksPLUS & Income Fund Trading Up 0.6%

PGP opened at $8.23 on Friday. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.04 and a 1-year high of $9.41. The firm’s 50 day simple moving average is $8.57 and its two-hundred day simple moving average is $8.64.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC grew its stake in shares of PIMCO Global StocksPLUS & Income Fund by 44.6% in the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after buying an additional 3,300 shares in the last quarter. Argyle Capital Partners LLC purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 2nd quarter valued at about $121,000. Fifth Third Bancorp bought a new position in shares of PIMCO Global StocksPLUS & Income Fund in the 1st quarter valued at about $128,000. Cetera Investment Advisers grew its position in PIMCO Global StocksPLUS & Income Fund by 4.6% in the first quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock worth $261,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Rivernorth Capital Management LLC grew its position in PIMCO Global StocksPLUS & Income Fund by 1.0% in the second quarter. Rivernorth Capital Management LLC now owns 349,408 shares of the company’s stock worth $3,012,000 after acquiring an additional 3,457 shares in the last quarter.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end investment fund managed by PIMCO, a global investment management firm. The fund seeks total return through a combination of current income and long-term capital appreciation.

PGP uses a “StocksPLUS” approach, combining exposure to global equity markets with investments in fixed-income securities and related instruments. The fund may use derivatives, including equity-related contracts, to obtain or manage exposure to stocks while maintaining a portfolio designed to generate income.