Pimco Income Strategy Fund (NYSE:PFL) Shares Cross Above Fifty Day Moving Average of $11.99
Pimco Income Strategy Fund (NYSE:PFL) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.99 and traded as high as $12.30. Pimco Income Strategy Fund shares last traded at $12.29, with a volume of 136,162 shares changing hands.
The stock’s fifty day moving average price is $12.02 and its 200-day moving average price is $11.71.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.80%.
Pimco Income Strategy Fund Company Profile (NYSE:PFL)
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.
Further Reading: How is the LIBOR rate calculated?
Receive News & Ratings for Pimco Income Strategy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Income Strategy Fund and related companies with MarketBeat.com's FREE daily email newsletter.