Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.1641 per share on Thursday, February 1st. This represents a $1.97 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend is Thursday, January 11th.
Pimco Dynamic Credit and Mortgg Incm Fnd has decreased its dividend by an average of 1.9% per year over the last three years.
Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) traded down $0.05 during mid-day trading on Wednesday, hitting $22.45. The stock had a trading volume of 689,597 shares, compared to its average volume of 739,050. Pimco Dynamic Credit and Mortgg Incm Fnd has a 52-week low of $20.31 and a 52-week high of $23.45.
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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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