PIMCO Dynamic Income Strategy Fund (NYSE:PDX) to Issue Monthly Dividend of $0.15

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be given a dividend of $0.1530 per share on Monday, November 2nd. This represents a $1.84 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a 14.7% increase from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.1334.

PIMCO Dynamic Income Strategy Fund Stock Up 1.3%

Shares of PDX stock opened at $20.55 on Friday. PIMCO Dynamic Income Strategy Fund has a fifty-two week low of $18.47 and a fifty-two week high of $25.14. The firm’s 50 day moving average price is $21.33 and its two-hundred day moving average price is $21.23.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 8,900 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $20.33, for a total value of $180,937.00. Following the transaction, the insider directly owned 6,322,940 shares of the company’s stock, valued at $128,545,370.20. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Greg Elliot Sharenow bought 6,020 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $21.77 per share, with a total value of $131,055.40. Following the transaction, the insider directly owned 50,124 shares of the company’s stock, valued at approximately $1,091,199.48. This trade represents a 13.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 93,147 shares of company stock worth $1,997,924.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in PDX. Bank of America Corp DE raised its holdings 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 acquiring an additional 149,447 shares in the last quarter. 1607 Capital Partners LLC lifted its position in shares of PIMCO Dynamic Income Strategy Fund by 325.4% during the fourth quarter. 1607 Capital Partners LLC now owns 91,512 shares of the company’s stock worth $1,719,000 after purchasing an additional 70,000 shares during the last quarter. CFO Capital Management LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter valued at about $801,000. Kestra Advisory Services LLC raised its stake in PIMCO Dynamic Income Strategy Fund by 883.4% during the first quarter. Kestra Advisory Services LLC now owns 31,253 shares of the company’s stock valued at $689,000 after buying an additional 28,075 shares in the last quarter. Finally, WCG Wealth Advisors LLC acquired a new position in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter worth approximately $450,000.

PIMCO Dynamic Income Strategy Fund (NYSE: PDX) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment management firm. The fund seeks to provide current income and capital appreciation by investing across a broad range of fixed-income and other income-oriented securities.

PDX uses a flexible, actively managed strategy that may allocate among corporate bonds, government and sovereign debt, mortgage-related securities, emerging-market debt, bank loans and other credit instruments.