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

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) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Thursday, February 12th.

PIMCO Strategic Income Fund Trading Up 1.1%

Shares of PIMCO Strategic Income Fund stock opened at $5.96 on Tuesday. PIMCO Strategic Income Fund has a 12-month low of $5.25 and a 12-month high of $8.00. The stock has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $6.90.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RCS. Focus Partners Advisor Solutions LLC bought a new stake in shares of PIMCO Strategic Income Fund during the 2nd quarter valued at $80,000. Envestnet Asset Management Inc. lifted its stake in PIMCO Strategic Income Fund by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 176,318 shares of the investment management company’s stock worth $1,227,000 after acquiring an additional 11,560 shares during the period. Straight Path Wealth Management boosted its position in PIMCO Strategic Income Fund by 6.8% during the 2nd quarter. Straight Path Wealth Management now owns 31,400 shares of the investment management company’s stock valued at $219,000 after acquiring an additional 2,000 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of PIMCO Strategic Income Fund during the 2nd quarter valued at $72,000. Finally, First Trust Advisors LP purchased a new stake in shares of PIMCO Strategic Income Fund in the 2nd quarter worth approximately $85,000. Institutional investors own 13.48% of the company’s stock.

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.