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

PIMCO Income Strategy Fund (NYSE:PFL) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.0814 per share by the investment management company on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Friday, November 14th.

PIMCO Income Strategy Fund Stock Performance

Shares of PIMCO Income Strategy Fund stock opened at $8.42 on Tuesday. The stock’s 50 day simple moving average is $8.49 and its 200-day simple moving average is $8.38. PIMCO Income Strategy Fund has a 1-year low of $7.11 and a 1-year high of $8.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. lifted its holdings in PIMCO Income Strategy Fund by 6.0% in the second quarter. Stratos Wealth Partners LTD. now owns 23,245 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 1,324 shares during the last quarter. Cypress Capital Group acquired a new position in PIMCO Income Strategy Fund in the second quarter valued at approximately $485,000. Elm3 Financial Group LLC lifted its holdings in PIMCO Income Strategy Fund by 27.2% in the second quarter. Elm3 Financial Group LLC now owns 27,833 shares of the investment management company’s stock valued at $232,000 after acquiring an additional 5,948 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in PIMCO Income Strategy Fund by 51.3% in the first quarter. Geneos Wealth Management Inc. now owns 20,872 shares of the investment management company’s stock valued at $179,000 after acquiring an additional 7,079 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its holdings in PIMCO Income Strategy Fund by 42.1% in the first quarter. Integrity Alliance LLC. now owns 14,890 shares of the investment management company’s stock valued at $128,000 after acquiring an additional 4,412 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

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.