PIMCO Dynamic Income Strategy Fund now invests across public and private credit, including corporate and securitized debt. Its earlier energy-focused portfolio belonged to a different mandate, so we keep that older story separate from the current income record.
Business
Multi-sector credit CEF
Listing
PDX · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Credit borrowers pay interest to PDX. After financing and fund costs, that becomes net investment income for common shareholders. The fund can also realize gains or losses, and its private holdings require attention to NAV as well as cash paid.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$1.35
Jul 1, 2025 to Jun 30, 2026
$0.00$1.35
Distribution yield7.40%Sourced distributions divided by dated market priceTrailing 12-month income yield6.69%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $20.1900 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$1.35Per share for 2026 FY. Excludes investment gains.Annual dividend$1.60Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Oct 1, 2026
$0.1334
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Why the annual trend is limited
The history includes changes in the portfolio, distribution policy or capital structure. Compare each dated period in that context. The chart keeps the observations separate across these changes.
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Fund net investment income per common share; actual reporting period, not annualized$1.3500
$0.00$1.40
For the year ended June 30, 2026, PDX reported $1.35 of net investment income per share and $1.60 of regular monthly distributions. A separate $2.97 year-end special brought total cash distributions to $4.57. The special is not treated as part of the regular income-support comparison.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 21.82%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
PIMCO Dynamic Income Strategy Fund reported $1.3500 per share for 2025-07-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next regular distribution total with net investment income. Then see how the credit portfolio, financing costs and NAV developed. Treat any new special as its own event.
Net asset value (NAV)
NAV per share$22.68Sep 29, 2026Market price$20.19Sep 29, 2026PREMIUM / DISCOUNT TO NAV10.98% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next regular distribution total with net investment income. Then see how the credit portfolio, financing costs and NAV developed. Treat any new special as its own event.
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U.S. federal · Tax year 2025
Dividend tax treatment
For PDX's one $2.97 year-end supplemental distribution, PIMCO listed $1.21 short-term gains and $1.76 long-term gains.
Total ordinary dividends
40.74%
Qualified dividends
Not confirmed
Capital-gain distributions
59.26%
Return of capital
Not confirmed
This is a close look at the payment dates named above, not a verdict on every distribution paid in 2025. Other payments can have a different mix. Use this estimate to understand those checks, then compare the whole year with your tax statement.
The company calls this breakdown an estimate. This one distribution has a December 29, 2025 record date and a January 13, 2026 payment date. PIMCO says it is taxable in 2025. Its tax guide says fund short-term gains are reported with ordinary dividends in Form 1099-DIV Box 1a. The figures shown are 40.74% and 59.26% of this one payment. Other 2025 payments and the final tax mix are not covered. Your Form 1099-DIV may show a different final mix. See the company's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
40.74%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
2025-12-19
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
