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

PIMCO Dynamic Income Fund (NYSE:PDI) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.2205 per share on Tuesday, December 1st. This represents a $2.65 annualized dividend and a yield of 18.0%. The ex-dividend date is Friday, November 13th.

PIMCO Dynamic Income Fund Price Performance

Shares of PDI stock traded up $0.28 during mid-day trading on Tuesday, reaching $14.72. The stock had a trading volume of 2,523,301 shares, compared to its average volume of 3,135,958. The firm’s 50 day simple moving average is $14.51 and its 200 day simple moving average is $16.47. PIMCO Dynamic Income Fund has a one year low of $13.73 and a one year high of $19.00.

Insider Transactions at PIMCO Dynamic Income Fund

In other PIMCO Dynamic Income Fund news, Director Alan Rappaport acquired 5,500 shares of the business’s stock in a transaction on Thursday, September 24th. The stock was purchased at an average price of $13.76 per share, for a total transaction of $75,680.00. Following the transaction, the director owned 9,313 shares in the company, valued at $128,146.88. This trade represents a 144.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Flattum purchased 17,448 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was acquired at an average cost of $14.30 per share, with a total value of $249,506.40. Following the completion of the acquisition, the director directly owned 17,448 shares of the company’s stock, valued at $249,506.40. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 34,348 shares of company stock valued at $486,724.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in PIMCO Dynamic Income Fund by 3.5% during the first quarter. Bank of America Corp DE now owns 3,038,182 shares of the company’s stock worth $51,983,000 after buying an additional 102,618 shares during the last quarter. Cetera Investment Advisers grew its holdings in PIMCO Dynamic Income Fund by 6.9% during the first quarter. Cetera Investment Advisers now owns 1,708,064 shares of the company’s stock valued at $29,225,000 after purchasing an additional 110,655 shares during the period. Royal Bank of Canada boosted its position in shares of PIMCO Dynamic Income Fund by 10.5% during the first quarter. Royal Bank of Canada now owns 1,537,452 shares of the company’s stock worth $26,306,000 after purchasing an additional 146,246 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of PIMCO Dynamic Income Fund by 6.3% during the second quarter. TD Waterhouse Canada Inc. now owns 1,385,039 shares of the company’s stock worth $23,164,000 after purchasing an additional 82,214 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its position in shares of PIMCO Dynamic Income Fund by 2.3% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 949,054 shares of the company’s stock valued at $13,315,000 after buying an additional 21,602 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary objective and capital appreciation as a secondary objective.

PDI invests in a diversified portfolio of income-generating securities across global fixed-income markets. Its investments may include corporate debt, high-yield bonds, emerging-market securities, mortgage-related instruments, asset-backed securities, and other debt obligations.