PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Plans Monthly Dividend of $0.13

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be paid a dividend of 0.1334 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, May 11th.

PIMCO Dynamic Income Strategy Fund Stock Up 0.6%

Shares of NYSE PDX opened at $21.13 on Friday. PIMCO Dynamic Income Strategy Fund has a 1-year low of $18.47 and a 1-year high of $25.29. The company has a 50-day moving average of $20.93 and a two-hundred day moving average of $20.86.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 90,000 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $20.08, for a total value of $1,807,200.00. Following the completion of the transaction, the insider directly owned 6,588,956 shares of the company’s stock, valued at approximately $132,306,236.48. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Ivascyn bought 28,779 shares of the company’s stock in a transaction on Monday, April 27th. The stock was bought at an average cost of $20.58 per share, with a total value of $592,271.82. Following the completion of the purchase, the insider owned 2,118,504 shares of the company’s stock, valued at approximately $43,598,812.32. The trade was a 1.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 347,133 shares of company stock valued at $7,019,479.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Several large investors have recently bought and sold shares of PDX. Almitas Capital LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the fourth quarter valued at approximately $2,841,000. Altium Capital Management LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the fourth quarter valued at approximately $2,836,000. Focus Partners Wealth acquired a new position in PIMCO Dynamic Income Strategy Fund in the fourth quarter valued at approximately $2,722,000. Bank of America Corp DE lifted its holdings in PIMCO Dynamic Income Strategy Fund by 19.5% in the second quarter. Bank of America Corp DE now owns 568,291 shares of the company’s stock valued at $14,008,000 after buying an additional 92,791 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the third quarter valued at approximately $1,893,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a diversified, closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). Launched in 2011, the fund seeks to deliver high current income and capital appreciation by investing in a broad range of fixed income securities. As a closed-end vehicle, PDX trades on the NYSE and employs leverage to enhance its income potential, while adhering to its investment objective under varying market conditions.

The fund’s strategy centers on a flexible allocation among global debt markets, encompassing investment-grade and high-yield corporate bonds, U.S.