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PIMCO Dynamic Income Fund

PDI

Market cap $6.73B

14.13 USD

-0.01

0.07%

At close Updated Oct 21, 4:00 PM EDT

Pre-market

After hours

14.11

-0.02

0.14%

1 day

-0.07%

5 days

0.57%

1 month

-0.56%

3 months

-13.26%

6 months

-18.84%

Year to date

-21.19%

1 year

-23.21%

5 years

-46.78%

10 years

-50.72%

About: PIMCO Dynamic Income Fund is a United States-based closed-end management investment company. The fund's investment objective is utilizing a dynamic asset allocation among multiple fixed income sectors in the international credit markets, including corporate debt (including, among other things, fixed-, variable- and floating-rate bonds, loans, mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed- variable- and floating-rate income-producing securities of U.S. and foreign issuers, including emerging market issuers.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 52%

Neutral 40%

Negative 8%

A PDI Cut Is Priced In Already

PIMCO Dynamic Income Fund has shifted from a long-standing premium to a rare 8%+ discount, pricing in a substantial distribution cut. PDI's current distribution coverage is unsustainable at 70%, with market-implied cuts of 26–30%, yet historical PIMCO cuts rarely exceed 22%. A post-cut scenario could yield a 15% distribution at a deep discount, presenting a compelling risk/reward for buyers after retail-driven selloffs.

A PDI Cut Is Priced In Already

PDI: Contrarian Buy When Ideas Are Out Of Favor (Rating Upgrade)

PIMCO Dynamic Income Fund now presents a contrarian opportunity after recent underperformance and a shift to trading at a discount to NAV. PDI's weak income metrics and recent price action have deterred investors, but I see value for those willing to tolerate above-average volatility. My outlook on PDI shifts from caution to a 'buy' rating, specifically for risk-seeking investors comfortable with leveraged CEFs.

PDI: Contrarian Buy When Ideas Are Out Of Favor (Rating Upgrade)

PDI: Collect 18.7% While You Wait (Rating Upgrade)

I am upgrading the PIMCO Dynamic Income Fund to a strong buy as shares now trade at a rare 5.85% discount to NAV. PDI offers an 18.7% dividend yield, but current distribution coverage is weak, with only 62.75% covered by net investment income. Nearly half of PDI's portfolio will mature within three years, enabling reinvestment at higher yields and potential improvement in earnings and coverage.

PDI: Collect 18.7% While You Wait (Rating Upgrade)

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. For the following Funds, the distributions are payable on November 2, 2026 to shareholders of record on October 13, 2026, with an ex-dividend date of October 13, 2026: Monthly Distribution Per Share Fund NYSE Symbol Amount Change From Previous Month Percentage Change.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

How Rising Interest Rates Fuel Double-Digit Yields

While the 2022–2024 rate-hiking cycle triggered widespread commercial borrower distress, today's cycle mirrors 2015–2019: legacy weak credits have already been flushed out, allowing floating-rate lenders to capture interest income without it. ACRE benefits from higher benchmark rates, generating an incremental $1.4 million in annual Net Income (~$0.025/share) for every 50 bps increase in SOFR. PDI provides actively managed exposure across non-agency mortgages and high-yield credit, currently trading at a rare 7% discount to NAV – its widest discount since 2015.

How Rising Interest Rates Fuel Double-Digit Yields

PDI Gold Limited (PDI:CA) Presents at Mining Forum Americas 2026 Transcript

PDI Gold Limited (PDI:CA) Presents at Mining Forum Americas 2026 Transcript

PDI Gold Limited (PDI:CA) Presents at Mining Forum Americas 2026 Transcript

13-18% Yields That I Was Bearish On Are Finally Buys

High yields that I previously warned were overvalued and likely to pull back sharply have now done so. I detail why my tune has now changed and why I am now bullish. I also share some lingering risks to be mindful of.

13-18% Yields That I Was Bearish On Are Finally Buys

18%-23% Dividend Yields: One CEF To Sell, One To Buy

Structuring a defensive passive income portfolio with 7.5%–8.5% yield is feasible through optimization, due diligence, and diversification. Yields above that should not dominate core portfolios but can enhance yield in a tactical allocation sleeve if risk is properly calibrated. In this article, I detail the case of an 18% yielding vehicle which I view as an attractive buy.

18%-23% Dividend Yields: One CEF To Sell, One To Buy

Dividend Harvesting Portfolio Week 289: $28,900 Allocated, $3,306.39 In Projected Dividends

The Dividend Harvesting Portfolio, now valued at $41,547.67, has delivered a 43.76% ROI and $3,306.39 in forward annualized dividend income. I continue to reinvest dividends and selectively add to high-yield positions like GPIQ (10.15% yield) and PDI (17.93% yield) amid market volatility. Portfolio construction emphasizes diversification across equities, ETFs, REITs, CEFs, and BDCs, with a focus on compounding and sector rebalancing over time.

Dividend Harvesting Portfolio Week 289: $28,900 Allocated, $3,306.39 In Projected Dividends

PDI: The Valuation Premium Just Became A Discount

The PIMCO Dynamic Income Fund has suffered from shifting rate expectations and persistent inflation. PDI's high-yield credit and non-agency mortgage allocations remain substantial, but the macro backdrop has turned a bit less favorable. Escalating U.S.-Iran conflict and energy supply disruptions have pushed inflation to 3.4%, undermining the case for imminent Fed rate cuts.

PDI: The Valuation Premium Just Became A Discount

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