PDO raises monthly distribution

[sgra]

A July 1, 2022 news release reports PIMCO Dynamic Income Opportunities Fund (PDO) monthly distribution amount is now $0.1279, which is a raise of $0.0095 or 8.02%. This was not unexpected due to its UNII and earnings. (link)

[Deleted]

confirmed .... see www.pimco.com/en-us/resources/product-resources/cef-press-releases/

--- Frank

[anitya]

Jul 2, 2022 0:46:09 GMT sgra said:

A July 1, 2022 news release reports PIMCO Dynamic Income Opportunities Fund (PDO) monthly distribution amount is now $0.1279, which is a raise of $0.0095 or 8.02%. This was not unexpected due to its UNII and earnings. (link)

Thanks.  I had not checked its distribution rate in a while.  This previously low yielding PIMCO widget is now yielding ~11% (as of 7/1).  I have not owned it for sometime now (partly because of its low yield not favored by retail) but it is getting very interesting now.

[richardsok]

Even at the new distribution rate, if income levels continue we might expect a good EOY special dist which would push the yield well over 11%.

[richardsok]

Good article on PDI & XFLT

seekingalpha.com/article/4521410-join-the-1-percent-by-earning-over-12-percent?mailingid=28282464&messageid=dividend_ideas&serial=28282464.147778&source=email_dividend_ideas&utm_campaign=Dividend+Ideas+Launch+2022-07-06&utm_content=dividend_ideas_control&utm_medium=email&utm_source=seeking_alpha&utm_term=Dividend+%26+Income+Smart+List

[gman57]

I've got a chunk of PDO but.... any concern that the NAV seems to keep going down? Great UNII numbers, raised dividend but what about the NAV?

[Deleted]

from a respected author just now ....

seekingalpha.com/article/4522791-pdo-consequences-of-the-distribution-hike-and-our-outlook

--- Frank