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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.1334 per share on Tuesday, April 1st. This represents a $1.60 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date is Thursday, March 13th.

PIMCO Dynamic Income Strategy Fund Price Performance

Shares of PDX opened at $23.07 on Tuesday. The business’s 50-day moving average price is $26.27 and its 200 day moving average price is $25.13. PIMCO Dynamic Income Strategy Fund has a 1-year low of $20.20 and a 1-year high of $32.88.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 15,729 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $25.16 per share, with a total value of $395,741.64. Following the purchase, the insider now owns 6,797,821 shares of the company’s stock, valued at $171,033,176.36. This trade represents a 0.23 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have purchased 749,450 shares of company stock valued at $20,641,521.