SmarterDividends
PFL

PIMCO Income Strategy Fund (PFL) Dividend

PIMCO Income Strategy Fund · Financial Services · Asset Management · monthly payer

$6.73

Undervalued · +59% Add to Portfolio

As of Nov 13, 2026, PIMCO Income Strategy Fund (PFL) pays a monthly dividend of $0.0810 per share, or $0.98 a year, a 14.51% yield at its $6.73 share price. The next ex-dividend date is Nov 13, 2026, paid Nov 27, 2026. It has a dividend safety grade of C.

Forward Yield

14.51%

Annual Dividend

$0.98

Payout Ratio

163%

5-Yr Growth

-2.1%

Ex-Date

Nov 13, 2026

Frequency

Monthly

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Key facts about PFL's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 13, 2026, PIMCO Income Strategy Fund (PFL) has a forward dividend yield of 14.51%, based on an annual dividend of $0.98 per share and a share price of $6.73.
  • As of Nov 13, 2026, PFL's dividend safety grade from SmarterDividends is C (53 out of 100), which rates the dividend as borderline.
  • PFL last cut its regular dividend in 2022.
  • PFL's next ex-dividend date is Nov 13, 2026, with payment on Nov 27, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 13, 2026, PFL pays out 163% of its trailing 12-month earnings as dividends (its payout ratio).
  • PFL's dividend has shrunk at an average rate of 2.1% a year over the past five years.
  • As of Nov 13, 2026, PFL's 14.51% yield is 33% above its five-year average yield of 10.89%.
  • As of Nov 13, 2026, SmarterDividends' blended fair-value estimate for PFL is $10.73 per share, 59% above the $6.73 share price, so PFL screens as undervalued.
  • PIMCO Income Strategy Fund (PFL) pays its dividend monthly, 12 times a year.
  • PIMCO Income Strategy Fund (PFL) has raised its regular dividend 19 times and cut it 11 times across the 280 payments on record since 2003. Its most recent change was a 10.0% cut to $0.0810 per share, going ex-dividend on Sep 10, 2021.
Cite this page

SmarterDividends, "PFL Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 13, 2026, https://smarterdividends.com/stocks/PFL

Is PFL a good dividend stock?

Mixed

PIMCO Income Strategy Fund (PFL) pays a monthly dividend yielding 14.51% ($0.98/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2022
    • Elevated payout ratio (163%)
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    14.51%
    Payout Ratio
    163%
    Annual Dividend
    $0.98
    5-Yr Avg Growth
    -2.1%
    Ex-Dividend Date
    Nov 13, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    0.56
    Market Cap
    $338.7M
    P/E Ratio
    11.2
    5-Yr Total Return
    -35%
    52-Week Range
    $6.60 – $8.54
    Dividend Safety
    C · 53/100
    Ever Cut?
    Yes (2022)

    PFL dividend raises and cuts

    PIMCO Income Strategy Fund (PFL) has raised its regular dividend 19 times and cut it 11 times across the 280 payments on record since 2003. Its most recent change was a 10.0% cut to $0.0810 per share, going ex-dividend on Sep 10, 2021.

    Ex-dateChangeOld → newMove
    Sep 10, 2021Cut$0.0900 → $0.0810−10.0%
    May 9, 2012Raise$0.0750 → $0.0900+20.0%
    Jul 8, 2010Raise$0.0630 → $0.0750+19.0%
    Apr 8, 2010Raise$0.0620 → $0.0630+1.6%
    Jan 12, 2010Cut$0.0630 → $0.0620−1.6%
    Oct 8, 2009Cut$0.0660 → $0.0630−4.5%
    Jul 9, 2009Cut$0.0730 → $0.0660−9.6%
    Apr 8, 2009Cut$0.0930 → $0.0730−21.5%
    Mar 31, 2009Cut$0.110 → $0.0930−15.5%
    Jan 8, 2009Cut$0.196 → $0.110−43.9%
    Dec 24, 2008Raise$0.103 → $0.196+90.3%
    Sep 11, 2008Raise$0.101 → $0.103+2.0%
    Show all 30 changes since 2004
    Ex-dateChangeOld → newMove
    Jun 12, 2008Cut$0.110 → $0.101−8.2%
    Mar 13, 2008Cut$0.144 → $0.110−23.6%
    Dec 13, 2007Cut$0.153 → $0.144−5.9%
    Sep 13, 2007Raise$0.147 → $0.153+4.1%
    Sep 7, 2006Raise$0.145 → $0.148+2.1%
    Jun 8, 2006Raise$0.137 → $0.145+5.8%
    Mar 9, 2006Raise$0.131 → $0.137+4.6%
    Dec 14, 2005Raise$0.121 → $0.131+8.3%
    Sep 14, 2005Raise$0.112 → $0.121+8.0%
    Jun 15, 2005Raise$0.105 → $0.112+6.7%
    Mar 16, 2005Raise$0.0940 → $0.105+11.7%
    Dec 15, 2004Raise$0.0910 → $0.0940+3.3%
    Oct 13, 2004Raise$0.0880 → $0.0910+3.4%
    Sep 15, 2004Raise$0.0860 → $0.0880+2.3%
    Aug 18, 2004Raise$0.0830 → $0.0860+3.6%
    Jul 14, 2004Raise$0.0790 → $0.0830+5.1%
    Jun 16, 2004Raise$0.0770 → $0.0790+2.6%
    Jan 14, 2004Cut$0.0780 → $0.0770−1.3%
    Every PFL payment →Download every raise and cut (CSV)
    PFL ex-dividend date & scheduleNext ex-date Nov 13, 2026 · full ex-dividend historyView →PFL dividend historyEvery payment, totals by year, raises and cutsView →PFL dividend calculator100 shares pay $98.00 a year, $8.17 each monthCalculate →PFL total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is PFL a good dividend stock?

    Mixed. PIMCO Income Strategy Fund (PFL) pays a monthly dividend yielding 14.51% ($0.98/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is PFL undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PFL's fair value is about $10.73 versus a $6.73 share price — so it looks undervalued (+59% vs. fair value).

    Is PFL's dividend safe?

    PFL has a dividend-safety grade of C (53/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2022, debt and yield-versus-history.

    What is PFL's fair value?

    Our blended fair-value estimate for PFL is about $10.73 per share, roughly 59% above the current $6.73 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is PFL a buy, hold, or sell?

    We don't issue formal ratings, but on the data PFL screens as "mixed" and undervalued. PIMCO Income Strategy Fund (PFL) pays a monthly dividend yielding 14.51% ($0.98/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will PFL cut its dividend?

    PFL earns a dividend-safety grade of C (53/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does PFL pay a dividend?

    Yes. PIMCO Income Strategy Fund pays a monthly dividend of about $0.98 per share annually, a forward yield of roughly 14.51%.

    How much dividend does 100 shares of PFL pay?

    At $0.98 per share a year, 100 shares of PFL pay $98.00 a year in dividends before tax, about $8.17 each month. Buying them costs about $673 at the Nov 13, 2026 price.

    What is PFL's dividend yield?

    As of Nov 13, 2026, PFL's forward dividend yield is 14.51%, based on a $0.98 annual dividend and a $6.73 share price.

    What is PFL's dividend per share?

    As of Nov 13, 2026, PFL pays $0.98 per share per year, distributed on a monthly basis.

    What is PFL's dividend payout ratio?

    As of Nov 13, 2026, PFL's payout ratio is 163% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has PFL grown its dividend?

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

    When is the next PFL ex-dividend date?

    As of Nov 13, 2026, the next ex-dividend date on record for PFL is Nov 13, 2026.

    Income Calculator

    At $0.98 / yr per share

    Per payment (monthly)$8.17
    Annual$98.00
    Monthly avg$8.17
    Full PFL dividend calculator →

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