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

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) announced a monthly dividend on Tuesday, September 1st. Investors of record on Friday, September 11th will be paid a dividend of 0.069 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO Global StocksPLUS & Income Fund Stock Performance

PGP opened at $8.75 on Wednesday. The stock’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $8.74. PIMCO Global StocksPLUS & Income Fund has a 1 year low of $8.04 and a 1 year high of $9.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PGP. CoreCap Advisors LLC increased its stake in shares of PIMCO Global StocksPLUS & Income Fund by 44.6% in the second quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after buying an additional 3,300 shares during the period. Argyle Capital Partners LLC bought a new stake in PIMCO Global StocksPLUS & Income Fund in the 2nd quarter worth $121,000. Fifth Third Bancorp purchased a new position in shares of PIMCO Global StocksPLUS & Income Fund in the first quarter valued at about $128,000. Cetera Investment Advisers raised its stake in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% during the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock valued at $162,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in 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 period.

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.