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. Investors 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 is Monday, January 13th. This is a boost 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 traded up $0.24 during midday trading on Friday, hitting $26.29. 172,382 shares of the company’s stock were exchanged, compared to its average volume of 154,591. PIMCO Dynamic Income Strategy Fund has a 12-month low of $19.15 and a 12-month high of $27.32. The business has a 50 day moving average price of $25.56.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In related news, major shareholder Saba Capital Management, L.P. sold 2,850 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Monday, October 7th. The shares were sold at an average price of $24.15, for a total value of $68,827.50. Following the transaction, the insider now directly owns 6,272,073 shares in the company, valued at $151,470,562.95. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders acquired 234,588 shares of company stock worth $5,980,743.