PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Plans Dividend Increase – $0.15 Per Share

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced a monthly dividend on Thursday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend 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 Performance

NYSE:PDX opened at $20.55 on Friday. The company has a fifty day moving average of $21.33 and a two-hundred day moving average of $21.23. PIMCO Dynamic Income Strategy Fund has a fifty-two week low of $18.47 and a fifty-two week high of $25.14.

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.