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

PIMCO Dynamic Income Fund (NYSE:PDI) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.2205 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 17.4%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO Dynamic Income Fund Stock Performance

PIMCO Dynamic Income Fund stock opened at $15.17 on Wednesday. PIMCO Dynamic Income Fund has a 1-year low of $14.88 and a 1-year high of $20.17. The stock’s 50 day moving average price is $16.06 and its 200 day moving average price is $16.86.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PDI. World Investment Advisors lifted its stake in shares of PIMCO Dynamic Income Fund by 215.6% in the fourth quarter. World Investment Advisors now owns 74,357 shares of the company’s stock valued at $1,304,000 after purchasing an additional 50,799 shares during the period. Disciplined Investments LLC boosted its holdings in PIMCO Dynamic Income Fund by 43.7% during the fourth quarter. Disciplined Investments LLC now owns 20,244 shares of the company’s stock worth $359,000 after buying an additional 6,153 shares in the last quarter. Rayburn West Financial Services LLC acquired a new position in PIMCO Dynamic Income Fund during the fourth quarter worth about $882,000. Valeo Financial Advisors LLC grew its position in PIMCO Dynamic Income Fund by 2.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 29,885 shares of the company’s stock worth $529,000 after buying an additional 810 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in PIMCO Dynamic Income Fund by 7.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 23,135 shares of the company’s stock valued at $410,000 after buying an additional 1,515 shares in the last quarter.

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.