PIMCO Dynamic Income Fund (PDI) to Issue Monthly Dividend of $0.22 on June 3rd

PIMCO Dynamic Income Fund (NYSE:PDI) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.221 per share on Monday, June 3rd. This represents a $2.65 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from PIMCO Dynamic Income Fund’s previous monthly dividend of $0.22.

PIMCO Dynamic Income Fund Price Performance

NYSE PDI opened at $19.41 on Wednesday. PIMCO Dynamic Income Fund has a twelve month low of $15.45 and a twelve month high of $19.77. The business has a 50-day moving average price of $19.14 and a 200-day moving average price of $18.46.

About PIMCO Dynamic Income Fund

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.