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

PIMCO Income Strategy Fund (NYSE:PFL) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid a dividend of 0.0814 per share by the investment management company on Thursday, May 1st. This represents a $0.98 annualized dividend and a yield of 11.45%. The ex-dividend date is Friday, April 11th.

PIMCO Income Strategy Fund Stock Down 0.5 %

Shares of PFL opened at $8.53 on Friday. The business’s 50 day moving average is $8.51 and its two-hundred day moving average is $8.49. PIMCO Income Strategy Fund has a 52-week low of $7.95 and a 52-week high of $8.81.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.