Pimco Income Strategy Fund (NYSE:PFL) Share Price Passes Above 50 Day Moving Average of $11.99
Pimco Income Strategy Fund (NYSE:PFL)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.99 and traded as high as $12.30. Pimco Income Strategy Fund shares last traded at $12.29, with a volume of 136,162 shares traded.
The business’s fifty day simple moving average is $12.02 and its 200 day simple moving average is $11.71.
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Wednesday, February 12th.
Pimco Income Strategy Fund Company Profile (NYSE:PFL)
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.
Further Reading: What is Cost of Debt?
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