Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) announced a monthly dividend on Thursday, October 1st, Zacks reports. Investors of record on Tuesday, October 13th will be paid a dividend of 0.174 per share on Monday, November 2nd. This represents a $2.09 annualized dividend and a dividend yield of 10.36%. The ex-dividend date of this dividend is Friday, October 9th.
Pimco Dynamic Credit and MortggeIncmFund has increased its dividend payment by 3.0% over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of PCI traded up $0.07 during trading hours on Friday, hitting $20.15. 559,058 shares of the stock were exchanged, compared to its average volume of 857,222. Pimco Dynamic Credit and MortggeIncmFund has a 12-month low of $13.46 and a 12-month high of $25.70. The stock’s 50-day moving average price is $19.23 and its two-hundred day moving average price is $18.38.
Pimco Dynamic Credit and MortggeIncmFund Company Profile
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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