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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.1334 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO Dynamic Income Strategy Fund Price Performance

PDX stock opened at $21.85 on Wednesday. PIMCO Dynamic Income Strategy Fund has a 1 year low of $18.47 and a 1 year high of $25.21. The company’s 50-day moving average is $21.36 and its 200-day moving average is $21.12.

Insider Activity

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 13,396 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $21.77, for a total transaction of $291,630.92. Following the transaction, the insider directly owned 6,402,691 shares of the company’s stock, valued at $139,386,583.07. The trade was a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thibault Christian Stracke bought 25,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $21.62 per share, for a total transaction of $540,500.00. Following the purchase, the insider directly owned 170,716 shares in the company, valued at approximately $3,690,879.92. The trade was a 17.16% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at about $60,000. Hollencrest Capital Management boosted its position in shares of PIMCO Dynamic Income Strategy Fund by 0.7% in the first quarter. Hollencrest Capital Management now owns 484,764 shares of the company’s stock valued at $10,694,000 after acquiring an additional 3,188 shares during the period. First Trust Advisors LP grew its stake in PIMCO Dynamic Income Strategy Fund by 5.1% during the second quarter. First Trust Advisors LP now owns 67,263 shares of the company’s stock valued at $1,658,000 after acquiring an additional 3,269 shares in the last quarter. Ancora Advisors LLC purchased a new position in PIMCO Dynamic Income Strategy Fund during the second quarter valued at approximately $104,000. Finally, Evolve Private Wealth LLC lifted its stake in PIMCO Dynamic Income Strategy Fund by 27.7% in the 1st quarter. Evolve Private Wealth LLC now owns 23,945 shares of the company’s stock worth $528,000 after purchasing an additional 5,190 shares in the last quarter.

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.