PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Increases Dividend to $0.13 Per Share

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be paid a dividend of 0.1334 per share on Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, January 13th. This is a positive change from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.11.

PIMCO Dynamic Income Strategy Fund Stock Performance

NYSE PDX traded up $0.24 during trading hours on Friday, hitting $26.29. The company’s stock had a trading volume of 172,382 shares, compared to its average volume of 154,591. The stock has a 50 day moving average price of $25.62. PIMCO Dynamic Income Strategy Fund has a 12 month low of $19.15 and a 12 month high of $27.32.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 92,819 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $24.79 per share, for a total transaction of $2,300,983.01. Following the purchase, the insider now directly owns 6,364,181 shares in the company, valued at $157,768,046.99. This trade represents a 1.48 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 234,588 shares of company stock valued at $5,980,743 over the last three months.