PIMCO Dynamic Income Fund (NYSE:PDI) Declares Dividend Increase – $0.22 Per Share

PIMCO Dynamic Income Fund (NYSE:PDI) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.221 per share on Monday, June 3rd. This represents a $2.65 annualized dividend and a dividend yield of 13.67%. The ex-dividend date is Friday, May 10th. This is a positive change from PIMCO Dynamic Income Fund’s previous monthly dividend of $0.22.

PIMCO Dynamic Income Fund Stock Performance

Shares of PDI stock opened at $19.41 on Wednesday. PIMCO Dynamic Income Fund has a 12-month low of $15.45 and a 12-month high of $19.77. The business’s 50 day moving average is $19.14 and its two-hundred day moving average is $18.46.

PIMCO Dynamic Income Fund Company Profile

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.