Pimco Dynamic Credit and Mortgg Incm Fnd (PCI) to Issue Monthly Dividend of $0.16 on October 2nd
Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) declared a monthly dividend on Thursday, September 7th, Wall Street Journal reports. Shareholders of record on Monday, September 11th will be given a dividend of 0.1641 per share on Monday, October 2nd. This represents a $1.97 annualized dividend and a yield of 8.67%. The ex-dividend date is Friday, September 8th.
Pimco Dynamic Credit and Mortgg Incm Fnd has raised its dividend by an average of 8.7% per year over the last three years.
Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE PCI) traded down 0.2584% during trading on Thursday, reaching $22.6613. The company’s stock had a trading volume of 65,705 shares. Pimco Dynamic Credit and Mortgg Incm Fnd has a 52 week low of $18.90 and a 52 week high of $23.17. The company’s 50 day moving average price is $22.61 and its 200 day moving average price is $21.96.
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About Pimco Dynamic Credit and Mortgg Incm Fnd
PIMCO Dynamic Credit and Mortgage Income Fund, formerly PIMCO Dynamic Credit Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income and capital appreciation is the secondary objective. It will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of mortgage-related securities and other debt instruments of varying maturities.
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