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

PIMCO Dynamic Income Fund (NYSE:PDI) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be given a dividend of 0.2205 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 14.8%. The ex-dividend date is Thursday, March 12th.

PIMCO Dynamic Income Fund Stock Performance

Shares of PDI opened at $17.92 on Wednesday. The company’s 50 day simple moving average is $18.24 and its 200-day simple moving average is $18.63. PIMCO Dynamic Income Fund has a 12-month low of $16.00 and a 12-month high of $20.17.

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”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.