Pimco Dynamic Credit and MortggeIncmFund to Issue Monthly Dividend of $0.17 (NYSE:PCI)

Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Thursday, December 12th will be given a dividend of 0.174 per share on Thursday, January 2nd. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.20%. The ex-dividend date of this dividend is Wednesday, December 11th.

Shares of NYSE:PCI remained flat at $$25.45 during trading on Wednesday. 336,796 shares of the stock were exchanged, compared to its average volume of 438,253. Pimco Dynamic Credit and MortggeIncmFund has a 52 week low of $19.35 and a 52 week high of $25.70. The firm has a 50 day simple moving average of $25.14 and a 200-day simple moving average of $24.41.

Pimco Dynamic Credit and MortggeIncmFund Company Profile

PIMCO Dynamic Credit and Mortgage Income Fund is a closed end fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund utilizes a dynamic asset allocation approach and seeks to invest in multiple fixed-income sectors in the global credit markets, including corporate debt, mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed, variable and floating rate income producing securities.

Further Reading: Discount Rate

Dividend History for Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI)

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