Alan Rappaport, Director at PIMCO Dynamic Income Fund (PDI), bought 5,500 shares at $13.76 ($76K) on 2026-09-24, disclosed to the SEC on 2026-09-28.
Director Alan Rappaport purchased 5,500 shares of PIMCO Dynamic Income Fund for $75,654.70, marking the largest insider purchase in the company's history and signaling confidence in the fund's value. The trade coincides with the stock trading near its 52-week low, potentially offering an attractive entry point for income-focused investors.
PDI is down 8.7% over the past 30 days and is currently trading 29.78% below its 52-week high of $19.96, while sitting just 2.04% above its 52-week low of $13.735.
1) Ex-dividend date of 2026-09-11; 2) Payout date of 2026-10-01; 3) The largest insider purchase in the company's history.
The fund's dividend yield of 18.9% is extremely high, which may indicate that the payout is unsustainable or that the fund is trading at a significant premium to its NAV.
Something here stands out, but not much.