PIMCO Dynamic Income Fund (PDI) To Go Ex-Dividend on August 13th

PIMCO Dynamic Income Fund (NYSE:PDI) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.2205 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 16.4%. The ex-dividend date of this dividend is Thursday, August 13th.

PIMCO Dynamic Income Fund Stock Performance

PIMCO Dynamic Income Fund stock opened at $16.13 on Tuesday. PIMCO Dynamic Income Fund has a 12-month low of $15.81 and a 12-month high of $20.17. The firm has a 50-day moving average price of $16.40 and a 200-day moving average price of $17.20.

Institutional Trading of PIMCO Dynamic Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in PIMCO Dynamic Income Fund during the 1st quarter valued at $359,000. Integrated Wealth Concepts LLC lifted its position in shares of PIMCO Dynamic Income Fund by 106.8% during the first quarter. Integrated Wealth Concepts LLC now owns 27,432 shares of the company’s stock worth $543,000 after purchasing an additional 14,166 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of PIMCO Dynamic Income Fund during the second quarter valued at $751,000. NewEdge Advisors LLC boosted its stake in shares of PIMCO Dynamic Income Fund by 81.7% during the second quarter. NewEdge Advisors LLC now owns 172,573 shares of the company’s stock valued at $3,274,000 after purchasing an additional 77,586 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in shares of PIMCO Dynamic Income Fund by 5.3% in the second quarter. HUB Investment Partners LLC now owns 45,882 shares of the company’s stock worth $870,000 after purchasing an additional 2,297 shares during 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.