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

PIMCO Income Strategy Fund (NYSE:PFL) declared a monthly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of 0.0814 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Friday, September 11th.

PIMCO Income Strategy Fund Stock Down 0.4%

Shares of NYSE PFL opened at $7.58 on Wednesday. PIMCO Income Strategy Fund has a 1-year low of $7.52 and a 1-year high of $8.70. The company has a fifty day moving average price of $7.74 and a 200 day moving average price of $7.89.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A number of institutional investors have recently made changes to their positions in PFL. Independent Financial Group LLC bought a new position in shares of PIMCO Income Strategy Fund during the first quarter worth approximately $4,192,000. Centaurus Financial Inc. bought a new stake in PIMCO Income Strategy Fund in the 2nd quarter valued at $2,025,000. Hohimer Wealth Management LLC grew its holdings in PIMCO Income Strategy Fund by 2,058.7% in the 4th quarter. Hohimer Wealth Management LLC now owns 256,970 shares of the investment management company’s stock valued at $2,166,000 after buying an additional 245,066 shares in the last quarter. Bank of America Corp DE acquired a new position in PIMCO Income Strategy Fund in the 2nd quarter valued at $1,611,000. Finally, Guggenheim Capital LLC increased its position in PIMCO Income Strategy Fund by 23.6% during the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after buying an additional 187,978 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.