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PDX CEF — PIMCO Dynamic Income Strategy Fund
PIMCO Dynamic Income Strategy Fund (PDX)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
PDX's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (86/100, medium confidence). It pays monthly and its distribution rate is 8.94%. The latest total cash payment per current share, $0.153 with an ex-date of October 13, 2026, was 15.0% higher than the previous $0.133. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: PIMCO page for PDX, Section 19a-1 notices, scoring methodology.
PDX is a CEF. Its distribution rate is 8.94%, its trailing-12-month yield is 22.33%, its expense ratio is 3.0504%. Dividend Vision Distribution Safety Score™ is 86/100 (Safe). Total return is 110.0% over the past 7.8 years, 97.0 points behind SPY at 207.0%.
PDX dividend yield and income
Price as of 2026-11-06.
The distribution rate (8.94%) has no calculation basis on file. Trailing-12-month yield (22.33%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.15302. The ex-dividend date is 11/13/2026. The payment date is 12/01/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-13 | $0.153 | 15.0% Total cash (unclassified) |
| 2026-09-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-08-13 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-07-13 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-06-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-05-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-04-13 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-03-12 | $0.133 | 0.0% Total cash (unclassified) |
| 2026-02-12 | $0.133 | N/A |
| 2026-01-13 | $0.133 | -95.5% Total cash (unclassified) |
| 2025-12-29 | $2.97 | 2133.1% Total cash (unclassified) |
| 2025-12-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-11-14 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-10-14 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-09-12 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-08-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-07-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-06-12 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-05-12 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-04-11 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-03-13 | $0.133 | 0.0% Total cash (unclassified) |
| 2025-02-13 | $0.133 | N/A |
| 2025-01-13 | $0.133 | -64.1% Total cash (unclassified) |
| 2024-12-30 | $0.37 | 227.4% Total cash (unclassified) |
| 2024-12-12 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-11-12 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-10-11 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-09-13 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-08-12 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-07-11 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-06-13 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-05-10 | $0.113 | 0.0% Total cash (unclassified) |
| 2024-04-10 | $0.113 | N/A |
| 2024-03-08 | $0.26 | 18.2% Total cash (unclassified) |
| 2023-12-08 | $0.22 | 0.0% Total cash (unclassified) |
| 2023-09-08 | $0.22 | 0.0% Total cash (unclassified) |
| 2023-06-09 | $0.22 | 0.0% Total cash (unclassified) |
| 2023-03-10 | $0.22 | 0.0% Total cash (unclassified) |
| 2022-12-09 | $0.22 | 0.0% Total cash (unclassified) |
| 2022-09-09 | $0.22 | 0.0% Total cash (unclassified) |
| 2022-06-10 | $0.22 | 0.0% Total cash (unclassified) |
| 2022-03-10 | $0.22 | 29.4% Total cash (unclassified) |
| 2021-12-10 | $0.17 | 0.0% Total cash (unclassified) |
| 2021-09-10 | $0.17 | 0.0% Total cash (unclassified) |
| 2021-06-10 | $0.17 | 0.0% Total cash (unclassified) |
| 2021-03-10 | $0.17 | 0.0% Total cash (unclassified) |
| 2020-12-10 | $0.17 | 0.0% Total cash (unclassified) |
| 2020-09-10 | $0.17 | -57.5% Total cash (unclassified) |
| 2020-06-10 | $0.4 | 0.0% Total cash (unclassified) |
| 2020-03-11 | $0.4 | N/A |
| 2019-12-13 | $0.28 | N/A |
| 2019-12-11 | $0.4 | N/A |
| 2019-09-12 | $0.4 | 0.0% Total cash (unclassified) |
| 2019-06-12 | $0.4 | 300.0% Total cash (unclassified) |
| 2019-03-29 | $0.1 | — |
| 2019 total | $1.58 | — |
| 2020 total | $1.14 | -27.8% |
| 2021 total | $0.68 | -40.4% |
| 2022 total | $0.88 | 29.4% |
| 2023 total | $0.88 | 0.0% |
| 2024 total (cadence changed) | $1.647 | 87.2% |
| 2025 total | $4.566 | 177.2% |
| 2026 YTD total | $1.35 | 1.5% vs prior-year YTD |
PDX dividend growth
Trailing-12-month distributions versus the preceding 12 months changed +138.1%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | +138.1% |
| 3Y | 73.4% |
| 5Y | 46.5% |
PDX holdings and sector exposure
The top 10 holdings are 62.5% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| — | United States Treasury Notes 1.125% | 22.92% |
| — | Rivian Automotive Inc Class A | 8.86% |
| — | Venture Global Lng Series C | 5.31% |
| — | Cheniere Energy Inc | 4.39% |
| — | Targa Resources Corp | 4.11% |
| — | Williams Companies Inc | 3.86% |
| — | Amnax Trs Equity 1Ml+70 *Bullet* Boa | 3.82% |
| — | Pimco Cayman Commdty Fd Ix | 3.60% |
| — | Plains GP Holdings LP Class A | 2.83% |
| — | Enbridge Inc | 2.82% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
PDX performance versus SPY
Total return is 110.0% over the past 7.8 years, 97.0 points behind SPY at 207.0%. Over the past year its total return — price change plus distributions reinvested — is 14.7%. Its deepest 1-year drawdown was 8.4%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -1.5% | — |
| 3M | -3.9% | — |
| 6M | -2.1% | — |
| YTD | 14.8% | — |
| 1Y | 14.7% | — |
| 2Y CAGR | — | 8.50% |
| 3Y CAGR | — | 13.30% |
| 5Y CAGR | — | 19.10% |
| Since inception 2019-01-30 · 7.8 years | 110.0% | 10.00% |
PDX key facts
- Distribution Safety Score™
- 86 · Safe
- Safety-Adjusted Yield
- 7.69%
- Issuer
- PIMCO
- Asset type
- CEF
- Asset class
- Fixed Income
- Inception date
- 01/30/2019
- Expense ratio
- 3.0504%
- Distribution rate
- 8.94%
- Distribution frequency
- Monthly
- Trailing yield
- 22.33%
- 5-year average yield
- 5.67
- Last close
- $20.54 (as of 2026-11-06)
- NAV
- $22.74
- Premium / discount
- Premium not shown · NAV date unknown
- Market cap
- $903,080,384
- Average volume
- 97,142
- Dividend
- $0.15302
- Ex-dividend date
- 11/13/2026
- Payment date
- 12/01/2026
AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage.
How Dividend Vision calculates yield and returns
Distribution rate (8.94%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (22.33%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: PIMCO or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PDX risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.4%.
Who may consider PDX — and who may not
PDX may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on PDX
Frequently asked questions
Does PDX pay monthly?
Yes. PDX currently pays monthly.
What is PDX's expense ratio?
PDX's expense ratio is 3.0504%.
What is PDX's dividend yield?
PDX's distribution rate is 8.94%, paid monthly, with a 3.0504% expense ratio — no calculation basis on file.
How has PDX's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed +138.1%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does PDX pay a dividend?
PDX pays monthly. The dividend amount is $0.15302. The ex-dividend date is 11/13/2026. The payment date is 12/01/2026.
How has PDX performed?
Total return is 110.0% over the past 7.8 years, 97.0 points behind SPY at 207.0%. Over the past year its total return — price change plus distributions reinvested — is 14.7%. Its deepest 1-year drawdown was 8.4%.
Is PDX a good investment?
PDX's Dividend Vision Distribution Safety Score is 86 (Safe). That is a risk signal, not investment advice. Its distribution rate is 8.94% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from PIMCO.
Tickers
PDX's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (86/100, medium confidence). It pays monthly and its distribution rate is 8.94%. The latest total cash payment per current share, $0.153 with an ex-date of October 13, 2026, was 15.0% higher than the previous $0.133. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.
Sources: PIMCO page for PDX, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
| Ticker | Name | Weight |
|---|
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