PIMCO Dynamic Income Strategy Fund to Issue Monthly Dividend of $0.13 (NYSE:PDX)

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.1334 per share on Thursday, May 1st. This represents a $1.60 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend is Friday, April 11th.

PIMCO Dynamic Income Strategy Fund Stock Down 9.9 %

Shares of NYSE:PDX opened at $21.46 on Friday. The stock’s 50-day moving average is $24.58 and its 200-day moving average is $25.21. PIMCO Dynamic Income Strategy Fund has a 52-week low of $20.53 and a 52-week high of $32.88.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. bought 731,721 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of $27.60 per share, for a total transaction of $20,195,499.60. Following the transaction, the insider now owns 7,541,934 shares in the company, valued at approximately $208,157,378.40. The trade was a 10.74 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.