PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Monday, May 13th will be given a dividend of 0.0939 per share on Monday, June 3rd. This represents a $1.13 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Friday, May 10th.
PIMCO Global StocksPLUS & Income Fund has decreased its dividend payment by an average of 12.2% annually over the last three years.
Shares of PGP stock traded down $0.15 on Friday, hitting $11.95. 63,118 shares of the stock traded hands, compared to its average volume of 58,150. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $9.72 and a 1-year high of $16.40.
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PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.
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