Pimco Strategic Income Fund Dividend Update: Key Information Before Jun 12, 2025 Ex-Dividend Date

Pimco Strategic Income Fund (RCS) has announced a dividend of $0.040 per share, with an ex-dividend date set for Jun 12, 2025, and a payment date of Jul 1, 2025. This dividend marks a continuation of the same payout amount as the previous one on Jun 2, 2025. However, it is notably lower than the average of the last ten dividends, which stands at $0.075. The type of dividend is a cash dividend.

Recently, several significant developments have emerged concerning Pimco Strategic Income Fund. Over the past week, analysts have raised concerns about the fund's valuation. It is currently trading at an unjustified 50% premium to its Net Asset Value (NAV), which raises questions about the sustainability of its distributions given inconsistent earnings and a decline in net investment income. This issue could potentially affect investor confidence and the fund's market performance.

In addition, it has been reported that Pimco Strategic Income Fund has decreased its dividend by an average of 0.5% annually over the past three years. This trend reflects a broader challenge for the fund in maintaining its dividend yield and could have implications for its long-term attractiveness to income-seeking investors.

Since the last update, the fund's stock price has exhibited a modest gain. As of Jun 6, 2025, the stock price increased by 0.297%, closing at $6.76, up from $6.74 on the previous trading day. This recent price movement indicates some resilience in the market's perception of the fund, despite the underlying concerns about its financial fundamentals.

In conclusion, Pimco Strategic Income Fund's recent dividend announcement and market developments highlight important considerations for investors. With the ex-dividend date approaching on Jun 12, 2025, investors must be aware that this date represents the last opportunity to purchase shares and be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the dividend distribution.