PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Raises Dividend to $0.13 Per Share

by · The Cerbat Gem

PIMCO Dynamic Income Strategy Fund (NYSE:PDX – Get Free Report) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.1334 per share on Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Monday, January 13th. This is a boost from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Dynamic Income Strategy Fund Price Performance

PIMCO Dynamic Income Strategy Fund stock opened at $25.76 on Friday. The stock’s 50-day moving average is $25.90. PIMCO Dynamic Income Strategy Fund has a 52 week low of $19.15 and a 52 week high of $27.32.

Insider Activity

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. bought 74,805 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of $25.90 per share, for a total transaction of $1,937,449.50. Following the completion of the purchase, the insider now owns 6,613,345 shares of the company’s stock, valued at $171,285,635.50. This trade represents a 1.14 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 234,588 shares of company stock valued at $5,980,743 over the last 90 days.

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