PIMCO Income Strategy Fund II (NYSE:PFN) Stock to Pay Monthly Dividend of $0.07

by · The Markets Daily

PIMCO Income Strategy Fund II (NYSE:PFN – Get Free Report) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.0718 per share by the financial services provider on Monday, November 2nd. This represents a $0.86 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date is Tuesday, October 13th.

PIMCO Income Strategy Fund II Stock Performance

Shares of PIMCO Income Strategy Fund II stock opened at $6.29 on Friday. The stock’s 50-day moving average is $6.82 and its 200 day moving average is $6.91. PIMCO Income Strategy Fund II has a one year low of $6.15 and a one year high of $7.65.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC raised its holdings in PIMCO Income Strategy Fund II by 5.5% during the second quarter. Ameritas Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock worth $288,000 after buying an additional 2,100 shares during the last quarter. Advisory Solutions Group LLC acquired a new position in shares of PIMCO Income Strategy Fund II during the second quarter valued at about $705,000. Susquehanna International Group LLP grew its holdings in shares of PIMCO Income Strategy Fund II by 760.8% during the second quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 197,789 shares during the last quarter. IMC Chicago LLC bought a new stake in shares of PIMCO Income Strategy Fund II during the second quarter worth about $604,000. Finally, Centaurus Financial Inc. bought a new stake in shares of PIMCO Income Strategy Fund II during the second quarter worth about $584,000.

PIMCO Income Strategy Fund II Company Profile

(Get Free Report)

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.

The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.

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