PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Declares Monthly Dividend of $0.07

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be given a dividend of 0.069 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Thursday, August 13th.

PIMCO Global StocksPLUS & Income Fund Trading Up 1.6%

Shares of PGP opened at $8.61 on Tuesday. The company has a 50-day simple moving average of $8.57 and a 200-day simple moving average of $8.80. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $8.04 and a 52-week high of $9.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGP. CoreCap Advisors LLC increased its holdings in 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 valued at $92,000 after buying an additional 3,300 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 1st quarter valued at approximately $128,000. Cetera Investment Advisers boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% during the 2nd quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after acquiring an additional 1,325 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of 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 worth $821,000 after acquiring an additional 42,097 shares in the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 81.7% in the 4th quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock worth $1,044,000 after acquiring an additional 51,186 shares during the period.

PIMCO Global StocksPLUS & Income Fund Company Profile

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.