PIMCO Global StocksPLUS & Income Fund to Issue Monthly Dividend of $0.07 (NYSE:PGP)

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Friday, April 11th will be given a dividend of 0.069 per share on Thursday, May 1st. This represents a $0.83 annualized dividend and a yield of 10.25%. The ex-dividend date is Friday, April 11th.

PIMCO Global StocksPLUS & Income Fund Stock Performance

Shares of NYSE PGP traded down $0.04 during midday trading on Thursday, hitting $8.08. The company’s stock had a trading volume of 39,339 shares, compared to its average volume of 41,267. The stock has a fifty day moving average price of $8.01 and a 200 day moving average price of $8.02. PIMCO Global StocksPLUS & Income Fund has a one year low of $7.08 and a one year high of $8.41.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.