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

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.069 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, February 12th.

PIMCO Global StocksPLUS & Income Fund Trading Down 0.2%

Shares of PGP opened at $9.27 on Tuesday. The business’s fifty day moving average is $8.99 and its 200 day moving average is $8.67. PIMCO Global StocksPLUS & Income Fund has a 12-month low of $6.56 and a 12-month high of $9.29.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PGP. Shaker Financial Services LLC raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 81.7% in the 4th quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock worth $1,044,000 after acquiring an additional 51,186 shares during the last quarter. MAS Advisors LLC increased its holdings in PIMCO Global StocksPLUS & Income Fund by 12.1% during the 3rd quarter. MAS Advisors LLC now owns 47,967 shares of the company’s stock worth $410,000 after purchasing an additional 5,186 shares in the last quarter. Institute for Wealth Management LLC. raised its stake in shares of PIMCO Global StocksPLUS & Income Fund by 26.7% in the third quarter. Institute for Wealth Management LLC. now owns 41,460 shares of the company’s stock worth $354,000 after purchasing an additional 8,741 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% in the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after purchasing an additional 1,325 shares during the last quarter. Finally, 49 Wealth Management LLC bought a new position in shares of PIMCO Global StocksPLUS & Income Fund in the third quarter valued at approximately $107,000.

About PIMCO Global StocksPLUS & Income Fund

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.