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home / news releases / PDI - Sell Alert: I Wouldn't Touch 13.7%-Yielding PDI Right Now

PDI - Sell Alert: I Wouldn't Touch 13.7%-Yielding PDI Right Now

PIMCO Dynamic Income Fund

2024-02-25 08:30:00 ET

Summary

  • PIMCO Dynamic Income Fund offers a high dividend yield of 13.7% and actively manages its fixed-income portfolio for outsized returns.
  • However, I would not touch PDI right now and rate it a Sell.
  • I share three big reasons to avoid this high-yield CEF.

The PIMCO Dynamic Income Fund ( PDI ) attracts investors for three big reasons:

  1. It offers a very juicy 13.7% dividend yield.
  2. It actively manages its fixed-income portfolio to take advantage of special situations and earn outsized returns in the process.
  3. It has done so with pretty good success, outperforming the broader BDC ( BIZD ) and mortgage REIT ( MORT ) sectors over the long term:

For further details see:

Sell Alert: I Wouldn't Touch 13.7%-Yielding PDI Right Now
Stock Information
Company Name: PIMCO Dynamic Income Fund
Stock Symbol: PDI
Market: NYSE
Website: investments.pimco.com/Products/Pages/PlCEF.aspx
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