The Incredible 13%-Yielding Junk Bond Fund That's Backed By The Fed [Forbes]
PIMCO Dynamic Income Fund (PDI)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/dynamic-income-fund
Company Research
Source: Forbes
Banking, Housing, and Urban Affairs Committee June 22, 2022 in Washington, DC. Powell testified on the Semiannual Monetary Policy Report to Congress during the hearing. (Photo by Win McNamee/Getty Images) I know that no one wants to talk about the 2020/2021 lockdowns anymore. But those dark days did do one critical thing for the high-yield corporate-bond market: made these so-called “junk bonds” too big to fail And investors are just starting to come around to that fact. The takeaway is that we've got a nice opportunity to grab historically large, and stable, dividends from corporate-bond funds, including a closed-end fund (CEF) we're going to focus on in this article: the PIMCO Dynamic Income Fund (PDI) Long-time readers of my articles on Contrarian Outlook will recognize PDI. It comes up a lot, for three key reasons: It yields 13.8% as I write this. Its dividend grows. It kicks out some nice special dividends regularly. What's more, it's run by PIMCO, one of the high
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PDI
News
- PDI Under $20 Exceeds A 13% Yield With Potential Upside On The Horizon [Seeking Alpha]Seeking Alpha
- The Most Discounted Closed-End Funds Yielding Up To 8% [Forbes]Forbes
- PDI: This Recovery Is Set To Continue (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- SCHD Is Treading Water And Isn't Performing As Well As It Once Was [Seeking Alpha]Seeking Alpha
- Thank The Fed For This Shot At Cheap 10%+ Dividends [Forbes]Forbes
PDI
Sec Filings
- 3/5/24 - Form N-CSRS
- 2/27/24 - Form NPORT-P
- 2/5/24 - Form 3
- PDI's page on the SEC website