PIMCO Dynamic Income Fund Declares Monthly Dividend of $0.2205 per Share
The PIMCO Dynamic Income Fund (NYSE:PDI) has announced a monthly dividend of $0.2205 per share, representing an annualized yield of approximately 18.7%. The payment is scheduled for November 2 and will be distributed to shareholders on record as of October 13. Shareholders who purchase the stock after this date (ex-dividend date) will not receive the dividend. The fund has a history of consistent payouts, with analysts noting its resilience despite market volatility. While some observers have questioned whether PDI can maintain its current yield amid economic uncertainty, others argue that it remains too cheap to sell and too risky to buy in large quantities due to underlying credit risks.
Tickers: $PDI
Topics: dividends income funds