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

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.069 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, March 12th.

PIMCO Global StocksPLUS & Income Fund Trading Down 2.4%

Shares of PGP stock opened at $9.11 on Wednesday. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $6.56 and a 52-week high of $9.41. The business’s fifty day moving average is $9.19 and its 200 day moving average is $8.81.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in PGP. Shaker Financial Services LLC increased its stake in PIMCO Global StocksPLUS & Income Fund by 81.7% in the fourth quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock valued at $1,044,000 after acquiring an additional 51,186 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of PIMCO Global StocksPLUS & Income Fund by 88.1% during the 4th quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock valued at $821,000 after purchasing an additional 42,097 shares during the last quarter. LPL Financial LLC raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 9.0% during the 4th quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock valued at $1,620,000 after buying an additional 14,627 shares in the last quarter. 49 Wealth Management LLC purchased a new stake in PIMCO Global StocksPLUS & Income Fund in the third quarter worth approximately $107,000. Finally, Institute for Wealth Management LLC. grew its position in PIMCO Global StocksPLUS & Income Fund by 26.7% during the third quarter. Institute for Wealth Management LLC. now owns 41,460 shares of the company’s stock valued at $354,000 after acquiring an additional 8,741 shares during the last quarter.

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.