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

PIMCO Income Strategy Fund (NYSE:PFL) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Investors of record on Thursday, June 12th will be paid a dividend of 0.0814 per share by the investment management company on Tuesday, July 1st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date is Thursday, June 12th.

PIMCO Income Strategy Fund Stock Performance

Shares of NYSE PFL opened at $8.36 on Thursday. PIMCO Income Strategy Fund has a fifty-two week low of $7.11 and a fifty-two week high of $8.81. The firm’s 50-day simple moving average is $8.22 and its 200 day simple moving average is $8.38.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A hedge fund recently bought a new stake in PIMCO Income Strategy Fund stock. Jane Street Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund (NYSE:PFL) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,909 shares of the investment management company’s stock, valued at approximately $94,000.

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.