PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Announces Dividend Increase – $0.13 Per Share

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be given a dividend of 0.1334 per share on Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date is Monday, January 13th. This is an increase from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Dynamic Income Strategy Fund Price Performance

Shares of PDX traded up $0.24 during trading on Friday, reaching $26.29. 172,382 shares of the company traded hands, compared to its average volume of 154,591. The business’s 50-day moving average is $25.56. PIMCO Dynamic Income Strategy Fund has a twelve month low of $19.15 and a twelve month high of $27.32.

Insider Buying and Selling at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 2,850 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $24.15, for a total value of $68,827.50. Following the completion of the transaction, the insider now directly owns 6,272,073 shares of the company’s stock, valued at $151,470,562.95. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 234,588 shares of company stock valued at $5,980,743 over the last quarter.