PIMCO Dynamic Income Fund (NYSE:PDI) to Issue $0.22 Monthly Dividend

PIMCO Dynamic Income Fund (NYSE:PDI) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.2205 per share on Monday, February 3rd. This represents a $2.65 annualized dividend and a dividend yield of 14.16%. The ex-dividend date is Monday, January 13th.

PIMCO Dynamic Income Fund Stock Performance

PDI stock traded up $0.17 during midday trading on Friday, reaching $18.68. 2,182,241 shares of the company’s stock traded hands, compared to its average volume of 2,338,820. PIMCO Dynamic Income Fund has a 52 week low of $18.17 and a 52 week high of $20.90. The firm’s fifty day moving average price is $19.08 and its 200-day moving average price is $19.23.

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.