PDI: This Recovery Is Set To Continue (Rating Upgrade) [Seeking Alpha]
PIMCO Dynamic Income Fund (PDI)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/dynamic-income-fund
Company Research
Source: Seeking Alpha
The fund's net asset value declines have started to reverse, and PDI could experience positive NAV growth in 2024. The fund's NAV premium is expanding, indicating growing investor confidence and expectations for future performance. The PIMCO Dynamic Income Fund ( NYSE: PDI ) has seen a near-10% total return so far this year as reality is sinking in slowly that the Federal Reserve, despite a recent setback on the inflation trajectory, is nearing the point of no return: the point at which it will end its tightening policy. This, in my opinion, will set the CEF up for further valuation growth in the remainder of the year. Longer-term interest rates recently fell below the inflation rate in the U.S., which is a strong signal for the Federal Reserve to lower the federal fund rate. I expect the Federal Reserve to accelerate its policy of rate cuts in the second half of the year, which could make the PDI potentially an out-performance candidate for dividend investors! Previous rating
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PDI
News
- PDI Under $20 Exceeds A 13% Yield With Potential Upside On The Horizon [Seeking Alpha]Seeking Alpha
- The Incredible 13%-Yielding Junk Bond Fund That's Backed By The Fed [Forbes]Forbes
- The Most Discounted Closed-End Funds Yielding Up To 8% [Forbes]Forbes
- 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