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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.1334 per share on Thursday, May 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date is Friday, April 11th.

PIMCO Dynamic Income Strategy Fund Trading Down 4.0 %

PIMCO Dynamic Income Strategy Fund stock traded down $0.99 during midday trading on Thursday, reaching $23.90. The company’s stock had a trading volume of 112,885 shares, compared to its average volume of 127,401. The stock’s 50-day simple moving average is $24.78 and its 200-day simple moving average is $25.23. PIMCO Dynamic Income Strategy Fund has a 52-week low of $20.53 and a 52-week high of $32.88.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 731,721 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average cost of $27.60 per share, for a total transaction of $20,195,499.60. Following the completion of the transaction, the insider now owns 7,541,934 shares in the company, valued at $208,157,378.40. The trade was a 10.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.