Pimco Dynamic Credit and MortggeIncmFund (NYSE:PCI) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Friday, October 11th will be paid a dividend of 0.174 per share on Friday, November 1st. This represents a $2.09 annualized dividend and a dividend yield of 8.44%. The ex-dividend date is Thursday, October 10th.
Pimco Dynamic Credit and MortggeIncmFund has decreased its dividend payment by an average of 7.6% per year over the last three years.
Shares of Pimco Dynamic Credit and MortggeIncmFund stock opened at $24.74 on Wednesday. The stock’s 50 day simple moving average is $24.27 and its 200-day simple moving average is $23.97. Pimco Dynamic Credit and MortggeIncmFund has a 1-year low of $19.35 and a 1-year high of $24.83.
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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