PIMCO Strategic Income Fund, Inc. (RCS) To Go Ex-Dividend on May 11th

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) declared a monthly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be given a dividend of 0.04 per share by the investment management company on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Monday, May 11th.

PIMCO Strategic Income Fund Price Performance

NYSE:RCS traded up $0.08 during mid-day trading on Friday, reaching $5.63. The company’s stock had a trading volume of 103,618 shares, compared to its average volume of 151,365. PIMCO Strategic Income Fund has a 12-month low of $5.09 and a 12-month high of $8.00. The firm’s fifty day moving average price is $5.48 and its two-hundred day moving average price is $6.08.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in RCS. Silver Oak Securities Incorporated bought a new position in shares of PIMCO Strategic Income Fund during the 4th quarter valued at approximately $603,000. Marex Group plc bought a new position in shares of PIMCO Strategic Income Fund during the 4th quarter valued at approximately $571,000. Goldman Sachs Group Inc. bought a new position in shares of PIMCO Strategic Income Fund during the 4th quarter valued at approximately $526,000. LPL Financial LLC grew its stake in shares of PIMCO Strategic Income Fund by 30.6% during the 4th quarter. LPL Financial LLC now owns 369,581 shares of the investment management company’s stock valued at $2,059,000 after acquiring an additional 86,529 shares during the period. Finally, Milestone Asset Management LLC grew its stake in shares of PIMCO Strategic Income Fund by 38.3% during the 4th quarter. Milestone Asset Management LLC now owns 172,517 shares of the investment management company’s stock valued at $961,000 after acquiring an additional 47,767 shares during the period. Hedge funds and other 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.