Pimco Dynamic Credit and Mortgg Incm Fnd Declares Monthly Dividend of $0.16 (PCI)
Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.1641 per share on Wednesday, November 1st. This represents a $1.97 annualized dividend and a yield of 8.47%. The ex-dividend date of this dividend is Thursday, October 12th.
Pimco Dynamic Credit and Mortgg Incm Fnd has raised its dividend by an average of 8.7% annually over the last three years.
Shares of Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) traded up 0.48% during trading on Tuesday, reaching $23.24. 820,456 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $22.65 and its 200 day moving average price is $22.24. Pimco Dynamic Credit and Mortgg Incm Fnd has a 52 week low of $18.90 and a 52 week high of $23.25.
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Pimco Dynamic Credit and Mortgg Incm Fnd Company Profile
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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