PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Shareholders to Receive $0.04 Monthly Dividend

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.04 per share by the investment management company on Tuesday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Friday, November 13th.

PIMCO Strategic Income Fund Stock Down 0.8%

Shares of RCS traded down $0.04 during mid-day trading on Tuesday, reaching $5.04. 55,097 shares of the stock traded hands, compared to its average volume of 159,598. The firm has a fifty day moving average price of $5.03 and a 200 day moving average price of $5.38. PIMCO Strategic Income Fund has a 1 year low of $4.84 and a 1 year high of $7.18.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund, Inc is a closed-end management investment company traded on the New York Stock Exchange under the symbol RCS. The fund is managed by PIMCO, an investment manager specializing in fixed-income and other income-oriented strategies.

The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective. It seeks to achieve these goals by investing in a diversified portfolio of income-producing securities, including government and corporate bonds, mortgage- and asset-backed securities, emerging-market debt and other fixed-income instruments.

PIMCO Strategic Income Fund has a flexible, global investment mandate and may allocate assets across markets and sectors based on PIMCO’s assessment of economic conditions, interest rates, credit quality and relative value.