PIMCO Dynamic Income Strategy Fund (PDX) To Go Ex-Dividend on March 12th

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be paid a dividend of 0.1334 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, March 12th.

PIMCO Dynamic Income Strategy Fund Trading Down 1.3%

PDX opened at $20.30 on Tuesday. The firm’s fifty day moving average price is $19.89 and its two-hundred day moving average price is $21.80. PIMCO Dynamic Income Strategy Fund has a fifty-two week low of $18.47 and a fifty-two week high of $25.29.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 2,200 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $20.69, for a total transaction of $45,518.00. Following the sale, the insider directly owned 6,416,087 shares of the company’s stock, valued at approximately $132,748,840.03. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 418,213 shares of company stock valued at $8,513,910.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $60,000. Halbert Hargrove Global Advisors LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund in the third quarter valued at approximately $112,000. Lloyd Advisory Services LLC. purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter worth approximately $114,000. Spirepoint Private Client LLC purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund during the fourth quarter worth about $194,000. Finally, Arkadios Wealth Advisors bought a new position in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth about $225,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a diversified, closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). Launched in 2011, the fund seeks to deliver high current income and capital appreciation by investing in a broad range of fixed income securities. As a closed-end vehicle, PDX trades on the NYSE and employs leverage to enhance its income potential, while adhering to its investment objective under varying market conditions.

The fund’s strategy centers on a flexible allocation among global debt markets, encompassing investment-grade and high-yield corporate bonds, U.S.