Pimco Dynamic Credit and Mortgg Incm Fnd to Issue Monthly Dividend of $0.16 (PCI)
Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) declared a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Monday, November 13th will be paid a dividend of 0.1641 per share on Friday, December 1st. This represents a $1.97 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Friday, November 10th.
Pimco Dynamic Credit and Mortgg Incm Fnd has raised its dividend payment by an average of 8.7% per year over the last three years.
Shares of Pimco Dynamic Credit and Mortgg Incm Fnd (PCI) traded up $0.11 during trading on Friday, hitting $22.77. The company’s stock had a trading volume of 752,562 shares.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/03/pimco-dynamic-credit-and-mortgg-incm-fnd-to-issue-monthly-dividend-of-0-16-pci.html.
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.
Receive News & Ratings for Pimco Dynamic Credit and Mortgg Incm Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Dynamic Credit and Mortgg Incm Fnd and related companies with MarketBeat.com's FREE daily email newsletter.