PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Declares Dividend Increase – $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 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend 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

Shares of PDX stock traded up $0.24 during trading hours on Friday, reaching $26.29. The company’s stock had a trading volume of 172,382 shares, compared to its average volume of 154,591. The business’s fifty day moving average is $25.62. PIMCO Dynamic Income Strategy Fund has a one year low of $19.15 and a one year high of $27.32.

Insiders Place Their Bets

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. bought 3,768 shares of the stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of $26.92 per share, for a total transaction of $101,434.56. Following the completion of the acquisition, the insider now owns 6,773,709 shares of the company’s stock, valued at approximately $182,348,246.28. This trade represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have bought 234,588 shares of company stock worth $5,980,743.