PIMCO Dynamic Income Fund (NYSE:PDI) Announces Monthly Dividend of $0.22

PIMCO Dynamic Income Fund (NYSE:PDIGet Rating) announced a monthly dividend on Monday, May 2nd, Zacks reports. Stockholders of record on Thursday, May 12th will be paid a dividend of 0.221 per share on Wednesday, June 1st. This represents a $2.65 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date is Wednesday, May 11th. This is a positive change from PIMCO Dynamic Income Fund’s previous monthly dividend of $0.22.

PIMCO Dynamic Income Fund has decreased its dividend by an average of 5.6% annually over the last three years.

PIMCO Dynamic Income Fund stock opened at $22.91 on Monday. The business’s 50-day simple moving average is $23.44 and its 200 day simple moving average is $24.80. PIMCO Dynamic Income Fund has a 12-month low of $21.72 and a 12-month high of $29.75.

In other news, insider Thibault Christian Stracke purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were acquired at an average price of $22.78 per share, for a total transaction of $136,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in PIMCO Dynamic Income Fund in the fourth quarter valued at about $225,000. Comerica Bank bought a new position in PIMCO Dynamic Income Fund in the fourth quarter valued at about $220,000. Harbour Investments Inc. boosted its holdings in PIMCO Dynamic Income Fund by 31.1% during the fourth quarter. Harbour Investments Inc. now owns 11,421 shares of the company’s stock worth $296,000 after buying an additional 2,712 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in PIMCO Dynamic Income Fund by 16.0% during the fourth quarter. Wealthsource Partners LLC now owns 11,837 shares of the company’s stock worth $307,000 after buying an additional 1,637 shares during the last quarter. Finally, State of Tennessee Treasury Department bought a new position in PIMCO Dynamic Income Fund during the fourth quarter worth about $411,000.

About PIMCO Dynamic Income Fund (Get Rating)

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.

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Dividend History for PIMCO Dynamic Income Fund (NYSE:PDI)

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