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

PIMCO Dynamic Income Fund (NYSE:PDI) announced a monthly dividend on Friday, May 1st. Stockholders of record on Monday, May 11th will be given a dividend of 0.2205 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Monday, May 11th.

PIMCO Dynamic Income Fund Price Performance

NYSE:PDI opened at $17.71 on Friday. PIMCO Dynamic Income Fund has a 1-year low of $16.50 and a 1-year high of $20.17. The firm has a fifty day simple moving average of $17.47 and a 200 day simple moving average of $17.91.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDI. Rivernorth Capital Management LLC bought a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at about $49,968,000. Wells Fargo & Company MN boosted its position in shares of PIMCO Dynamic Income Fund by 110.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,214,301 shares of the company’s stock valued at $39,215,000 after acquiring an additional 1,161,637 shares during the period. Independent Financial Group LLC bought a new stake in shares of PIMCO Dynamic Income Fund in the first quarter valued at about $8,898,000. Jane Street Group LLC boosted its position in shares of PIMCO Dynamic Income Fund by 503.9% in the fourth quarter. Jane Street Group LLC now owns 610,974 shares of the company’s stock valued at $10,820,000 after acquiring an additional 509,810 shares during the period. Finally, Marex Group plc bought a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at about $7,052,000.

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.