Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) to Issue $0.17 Monthly Dividend
Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Friday, July 12th will be given a dividend of 0.174 per share on Thursday, August 1st. This represents a $2.09 annualized dividend and a yield of 8.61%. The ex-dividend date is Thursday, July 11th.
Pimco Dynamic Credit and MortggeIncmFund has decreased its dividend payment by an average of 7.6% per year over the last three years.
PCI opened at $24.24 on Wednesday. The business has a 50 day simple moving average of $24.09. Pimco Dynamic Credit and MortggeIncmFund has a 12 month low of $19.35 and a 12 month high of $24.65.
PIMCO Dynamic Credit and Mortgage Income Fund is a closed end fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund utilizes a dynamic asset allocation approach and seeks to invest in multiple fixed-income sectors in the global credit markets, including corporate debt, mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed, variable and floating rate income producing securities.
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