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

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of 0.04 per share by the investment management company on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Thursday, February 12th.

PIMCO Strategic Income Fund Stock Performance

Shares of RCS traded down $0.12 on Tuesday, reaching $5.86. 70,357 shares of the company’s stock traded hands, compared to its average volume of 246,278. The stock’s 50 day simple moving average is $6.29 and its two-hundred day simple moving average is $6.90. PIMCO Strategic Income Fund has a 52-week low of $5.25 and a 52-week high of $8.00.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Focus Partners Advisor Solutions LLC purchased a new position in PIMCO Strategic Income Fund in the second quarter valued at about $80,000. Envestnet Asset Management Inc. increased its stake in shares of PIMCO Strategic Income Fund by 7.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 176,318 shares of the investment management company’s stock worth $1,227,000 after purchasing an additional 11,560 shares during the last quarter. Straight Path Wealth Management raised its holdings in shares of PIMCO Strategic Income Fund by 6.8% in the 2nd quarter. Straight Path Wealth Management now owns 31,400 shares of the investment management company’s stock worth $219,000 after purchasing an additional 2,000 shares during the period. StoneX Group Inc. purchased a new position in PIMCO Strategic Income Fund in the second quarter valued at approximately $72,000. Finally, First Trust Advisors LP bought a new position in PIMCO Strategic Income Fund during the second quarter valued at $85,000. 13.48% of the stock is owned by hedge funds and other institutional investors.

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.