PIMCO Dynamic Income Strategy Fund (PDX) To Go Ex-Dividend on November 13th

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.1530 per share on Tuesday, December 1st. This represents a $1.84 annualized dividend and a yield of 8.8%. The ex-dividend date is Friday, November 13th.

PIMCO Dynamic Income Strategy Fund Trading Down 0.0%

NYSE PDX opened at $20.94 on Wednesday. PIMCO Dynamic Income Strategy Fund has a 52 week low of $18.47 and a 52 week high of $22.52. The firm has a 50 day moving average of $20.86 and a two-hundred day moving average of $20.93.

Insiders Place Their Bets

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 146,928 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $20.63, for a total value of $3,031,124.64. Following the sale, the insider directly owned 6,028,448 shares in the company, valued at $124,366,882.24. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thibault Stracke purchased 25,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of $21.62 per share, with a total value of $540,500.00. Following the completion of the acquisition, the insider directly owned 170,716 shares in the company, valued at $3,690,879.92. The trade was a 17.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have sold 484,022 shares of company stock valued at $10,091,417.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of PIMCO Dynamic Income Strategy Fund by 1.9% in the 1st quarter. Royal Bank of Canada now owns 978,814 shares of the company’s stock valued at $21,593,000 after buying an additional 18,343 shares during the last quarter. Bank of America Corp DE lifted its stake in PIMCO Dynamic Income Strategy Fund by 24.0% in the first quarter. Bank of America Corp DE now owns 772,043 shares of the company’s stock valued at $17,031,000 after buying an additional 149,447 shares during the last quarter. Hollencrest Capital Management boosted its stake in PIMCO Dynamic Income Strategy Fund by 0.7% during the 1st quarter. Hollencrest Capital Management now owns 484,764 shares of the company’s stock worth $10,694,000 after purchasing an additional 3,188 shares during the period. City of London Investment Management Co. Ltd. boosted its stake in shares of PIMCO Dynamic Income Strategy Fund by 19.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 313,738 shares of the company’s stock worth $6,369,000 after buying an additional 50,313 shares during the period. Finally, Altium Capital Management LLC lifted its position in PIMCO Dynamic Income Strategy Fund by 4.4% during the 1st quarter. Altium Capital Management LLC now owns 157,700 shares of the company’s stock worth $3,479,000 after acquiring an additional 6,693 shares during the period.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary investment objective, with capital appreciation as a secondary objective.

PDX invests in a diversified portfolio of income-producing assets across global fixed-income and credit markets. Its holdings may include corporate debt, high-yield bonds, bank loans, emerging-market debt, structured credit and other income-oriented securities.