PIMCO Dynamic Income Strategy Fund (PDX) to Issue Monthly Dividend of $2.97 on January 13th

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced a monthly dividend on Friday, December 19th. Investors of record on Monday, December 29th will be given a dividend of 2.97 per share on Tuesday, January 13th. This represents a c) annualized dividend and a yield of 166.1%. The ex-dividend date of this dividend is Monday, December 29th. This is a 2,126.4% increase from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.13.

PIMCO Dynamic Income Strategy Fund Trading Down 0.4%

PIMCO Dynamic Income Strategy Fund stock opened at $21.45 on Friday. PIMCO Dynamic Income Strategy Fund has a 12-month low of $19.26 and a 12-month high of $32.88. The business’s 50-day moving average price is $21.72 and its two-hundred day moving average price is $23.52.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aprio Wealth Management LLC grew its stake in shares of PIMCO Dynamic Income Strategy Fund by 1.6% during the third quarter. Aprio Wealth Management LLC now owns 29,171 shares of the company’s stock worth $727,000 after buying an additional 471 shares during the last quarter. Smith Moore & CO. boosted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 1.1% during the 2nd quarter. Smith Moore & CO. now owns 78,558 shares of the company’s stock valued at $1,936,000 after acquiring an additional 840 shares in the last quarter. Spire Wealth Management grew its position in PIMCO Dynamic Income Strategy Fund by 10.7% during the 2nd quarter. Spire Wealth Management now owns 11,308 shares of the company’s stock worth $279,000 after acquiring an additional 1,096 shares during the last quarter. Comerica Bank grew its position in PIMCO Dynamic Income Strategy Fund by 9.4% during the 1st quarter. Comerica Bank now owns 16,989 shares of the company’s stock worth $417,000 after acquiring an additional 1,455 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the 2nd quarter worth about $42,000.

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.