PIMCO Strategic Income Fund, Inc (RCS) Announces Monthly Dividend of $0.07
PIMCO Strategic Income Fund, Inc (NYSE:RCS) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be paid a dividend of 0.072 per share by the investment management company on Tuesday, January 2nd. This represents a $0.86 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend is Friday, December 8th.
PIMCO Strategic Income Fund has decreased its dividend payment by an average of 10.9% annually over the last three years.
Shares of PIMCO Strategic Income Fund (RCS) traded up $0.05 during mid-day trading on Monday, reaching $8.76. 162,032 shares of the company traded hands, compared to its average volume of 158,347. PIMCO Strategic Income Fund has a one year low of $8.62 and a one year high of $10.65.
PIMCO Strategic Income Fund, Inc (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek to generate a level of income that is higher than that generated by high quality, intermediate-term United States debt securities. The Fund also seeks capital appreciation to the extent consistent with this objective.
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