PIMCO Global StocksPLUS & Income Fund (PGP) to Issue Monthly Dividend of $0.07 on May 1st

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.069 per share on Thursday, May 1st. This represents a $0.83 dividend on an annualized basis and a yield of 10.88%. The ex-dividend date of this dividend is Friday, April 11th.

PIMCO Global StocksPLUS & Income Fund Stock Down 5.9 %

NYSE:PGP opened at $7.61 on Friday. PIMCO Global StocksPLUS & Income Fund has a 52 week low of $7.08 and a 52 week high of $8.41. The firm’s fifty day moving average is $8.01 and its 200-day moving average is $8.02.

PIMCO Global StocksPLUS & Income Fund Company Profile

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.