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

PIMCO Dynamic Income Fund (NYSE:PDI) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Thursday, December 12th will be paid a dividend of 0.2205 per share on Thursday, January 2nd. This represents a $2.65 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date of this dividend is Wednesday, December 11th.

Shares of NYSE:PDI traded up $0.02 on Wednesday, reaching $33.34. 145,700 shares of the company’s stock were exchanged, compared to its average volume of 185,921. The company has a fifty day moving average of $33.14 and a 200-day moving average of $32.35. PIMCO Dynamic Income Fund has a twelve month low of $26.68 and a twelve month high of $33.90.

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.

Further Reading: Overbought

Dividend History for PIMCO Dynamic Income Fund (NYSE:PDI)

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