Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be paid a dividend of 0.1641 per share on Tuesday, January 2nd. This represents a $1.97 annualized dividend and a dividend yield of 8.64%. The ex-dividend date is Friday, December 8th.
Pimco Dynamic Credit and Mortgg Incm Fnd has increased its dividend payment by an average of 8.7% annually over the last three years.
Shares of Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) opened at $22.78 on Thursday. Pimco Dynamic Credit and Mortgg Incm Fnd has a fifty-two week low of $19.81 and a fifty-two week high of $23.45.
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About Pimco Dynamic Credit and Mortgg Incm Fnd
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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