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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced a monthly dividend on Monday, March 2nd. Investors of record on Thursday, March 12th will be paid a dividend of 0.1334 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Thursday, March 12th.

PIMCO Dynamic Income Strategy Fund Price Performance

PIMCO Dynamic Income Strategy Fund stock opened at $20.52 on Wednesday. The company’s fifty day moving average price is $19.91 and its two-hundred day moving average price is $21.90. PIMCO Dynamic Income Strategy Fund has a one year low of $18.47 and a one year high of $25.29.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. sold 16,256 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $20.59, for a total value of $334,711.04. Following the completion of the sale, the insider directly owned 6,428,579 shares in the company, valued at approximately $132,364,441.61. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 405,721 shares of company stock worth $8,258,230 over the last three months.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Several large investors have recently made changes to their positions in the business. Almitas Capital LLC bought a new position in PIMCO Dynamic Income Strategy Fund in the 4th quarter worth approximately $2,841,000. Altium Capital Management LLC bought a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter worth approximately $2,836,000. Focus Partners Wealth acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter worth approximately $2,722,000. Bank of America Corp DE increased its position in shares of PIMCO Dynamic Income Strategy Fund by 19.5% during the second quarter. Bank of America Corp DE now owns 568,291 shares of the company’s stock valued at $14,008,000 after purchasing an additional 92,791 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the third quarter worth $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.