PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Plans Monthly Dividend of $0.04

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) declared a monthly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be given a dividend of 0.04 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Thursday, June 11th.

PIMCO Strategic Income Fund Stock Performance

PIMCO Strategic Income Fund stock opened at $5.61 on Tuesday. The company has a 50-day simple moving average of $5.40 and a 200-day simple moving average of $5.88. PIMCO Strategic Income Fund has a one year low of $5.09 and a one year high of $8.00.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of RCS. Silver Oak Securities Incorporated acquired a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at about $603,000. Marex Group plc acquired a new position in PIMCO Strategic Income Fund in the fourth quarter worth approximately $571,000. Goldman Sachs Group Inc. acquired a new position in PIMCO Strategic Income Fund in the fourth quarter worth approximately $526,000. LPL Financial LLC increased its holdings in PIMCO Strategic Income Fund by 30.6% in the fourth quarter. LPL Financial LLC now owns 369,581 shares of the investment management company’s stock worth $2,059,000 after buying an additional 86,529 shares during the last quarter. Finally, Milestone Asset Management LLC increased its holdings in PIMCO Strategic Income Fund by 38.3% in the fourth quarter. Milestone Asset Management LLC now owns 172,517 shares of the investment management company’s stock worth $961,000 after buying an additional 47,767 shares during the last quarter. 13.48% of the stock is owned by institutional investors and hedge funds.

About PIMCO Strategic Income Fund

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.