Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) Announces Monthly Dividend of $0.17
Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.174 per share on Friday, November 1st. This represents a $2.09 annualized dividend and a yield of 8.51%. The ex-dividend date is Thursday, October 10th.
Pimco Dynamic Credit and MortggeIncmFund has decreased its dividend by an average of 7.6% per year over the last three years.
NYSE PCI traded down $0.05 on Thursday, hitting $24.54. 2,081 shares of the stock were exchanged, compared to its average volume of 454,096. The business’s fifty day moving average is $24.15 and its 200 day moving average is $23.94. Pimco Dynamic Credit and MortggeIncmFund has a 52 week low of $19.35 and a 52 week 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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