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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) announced 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 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend 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 Stock Performance

PIMCO Dynamic Income Strategy Fund stock opened at $26.29 on Friday. PIMCO Dynamic Income Strategy Fund has a 1 year low of $19.15 and a 1 year high of $27.32. The business has a 50-day simple moving average of $25.62.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. purchased 92,819 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $24.79 per share, with a total value of $2,300,983.01. Following the completion of the acquisition, the insider now owns 6,364,181 shares in the company, valued at approximately $157,768,046.99. This represents a 1.48 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have purchased 234,588 shares of company stock worth $5,980,743.