PIMCO Dynamic Income Fund (NYSE:PDI – Get Free Report) announced a monthly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.2205 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date of this dividend is Thursday, June 11th.
PIMCO Dynamic Income Fund Stock Down 0.5%
Shares of NYSE PDI opened at $16.71 on Tuesday. PIMCO Dynamic Income Fund has a 12 month low of $16.47 and a 12 month high of $20.17. The firm’s 50 day simple moving average is $17.13 and its 200-day simple moving average is $17.69.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PDI. Heritage Wealth Advisors purchased a new position in shares of PIMCO Dynamic Income Fund during the 4th quarter valued at approximately $35,000. Aspect Partners LLC purchased a new position in shares of PIMCO Dynamic Income Fund during the 3rd quarter valued at approximately $54,000. Sankala Group LLC purchased a new position in shares of PIMCO Dynamic Income Fund during the 4th quarter valued at approximately $55,000. First Horizon Corp purchased a new position in shares of PIMCO Dynamic Income Fund during the 1st quarter valued at approximately $57,000. Finally, SHP Wealth Management purchased a new position in shares of PIMCO Dynamic Income Fund during the 4th quarter valued at approximately $64,000.
About PIMCO Dynamic Income Fund
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.
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