SmarterDividends
PDI

PIMCO Dynamic Income Fund

PDI

Financial Services · Asset Management · Stock · monthly payer

$14.13

Undervalued · +69% Add to Portfolio

Forward Yield

18.73%

Annual Dividend

$2.65

Payout Ratio

189%

5-Yr Growth

0.0%

Ex-Date

Oct 13, 2026

Frequency

Monthly

Key facts about PDI's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, PIMCO Dynamic Income Fund (PDI) has a forward dividend yield of 18.73%, based on an annual dividend of $2.65 per share and a share price of $14.13.
  • As of Oct 27, 2026, PDI's dividend safety grade from SmarterDividends is B (77 out of 100), which rates the dividend as safe.
  • PDI has never cut its regular dividend in the payment history SmarterDividends has on record.
  • PDI's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.22 per share.
  • As of Oct 27, 2026, PDI pays out 189% of its trailing 12-month earnings as dividends (its payout ratio).
  • PDI's dividend has been roughly flat over the past five years.
  • As of Oct 27, 2026, PDI's 18.73% yield is 40% above its five-year average yield of 13.42%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for PDI is $23.87 per share, 69% above the $14.13 share price, so PDI screens as undervalued.
  • PIMCO Dynamic Income Fund (PDI) pays its dividend monthly, 12 times a year.
  • PIMCO Dynamic Income Fund (PDI) has raised its regular dividend 3 times and cut it 0 times across the 180 payments on record since 2012. Its most recent change was a 5.2% increase to $0.221 per share, going ex-dividend on Sep 9, 2015.
Cite this page

SmarterDividends, "PDI Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/PDI

Summary

As of Oct 27, 2026, PIMCO Dynamic Income Fund (PDI) yields 18.73% ($2.65 a year per share) and has a dividend safety grade of B (77/100).

Is PDI a good dividend stock?

Yes

PIMCO Dynamic Income Fund (PDI) pays a monthly dividend yielding 18.73% ($2.65/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (189%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years

Key Data

Dividend Yield
18.73%
Payout Ratio
189%
Annual Dividend
$2.65
5-Yr Avg Growth
0.0%
Ex-Dividend Date
Oct 13, 2026
Years of Growth
0
Frequency
monthly
Beta
—
Market Cap
$6.7B
P/E Ratio
10.1
5-Yr Total Return
-43%
52-Week Range
$13.73 – $19.00
Dividend Safety
B · 77/100
Ever Cut?
No

PDI dividend raises and cuts

PIMCO Dynamic Income Fund (PDI) has raised its regular dividend 3 times and cut it 0 times across the 180 payments on record since 2012. Its most recent change was a 5.2% increase to $0.221 per share, going ex-dividend on Sep 9, 2015.

Ex-dateChangeOld → newMove
Sep 9, 2015Raise$0.210 → $0.221+5.2%
Apr 9, 2015Raise$0.191 → $0.210+9.9%
Oct 9, 2013Raise$0.177 → $0.191+7.9%
Every PDI payment →Download every raise and cut (CSV)
PDI ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →PDI dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PDI a good dividend stock?

Yes. PIMCO Dynamic Income Fund (PDI) pays a monthly dividend yielding 18.73% ($2.65/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is PDI undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PDI's fair value is about $23.87 versus a $14.13 share price — so it looks undervalued (+69% vs. fair value).

Is PDI's dividend safe?

PDI has a dividend-safety grade of B (77/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is PDI's fair value?

Our blended fair-value estimate for PDI is about $23.87 per share, roughly 69% above the current $14.13 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PDI a buy, hold, or sell?

We don't issue formal ratings, but on the data PDI screens as "yes" and undervalued. PIMCO Dynamic Income Fund (PDI) pays a monthly dividend yielding 18.73% ($2.65/yr), with 0 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will PDI cut its dividend?

PDI earns a dividend-safety grade of B (77/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PDI pay a dividend?

Yes. PIMCO Dynamic Income Fund pays a monthly dividend of about $2.65 per share annually, a forward yield of roughly 18.73%.

What is PDI's dividend yield?

As of Oct 27, 2026, PDI's forward dividend yield is 18.73%, based on a $2.65 annual dividend and a $14.13 share price.

What is PDI's dividend per share?

As of Oct 27, 2026, PDI pays $2.65 per share per year, distributed on a monthly basis.

What is PDI's dividend payout ratio?

As of Oct 27, 2026, PDI's payout ratio is 189% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PDI grown its dividend?

PDI does not currently have a long dividend-growth streak on record.

When is the next PDI ex-dividend date?

As of Oct 27, 2026, PDI's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.22 per share.

Income Calculator

At $2.65 / yr per share

Per payment (monthly)$22.08
Annual$265.00
Monthly avg$22.08

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