PDI: Collect 18.7% While You Wait (Rating Upgrade) I am upgrading the PIMCO Dynamic Income Fund to ...

PDI: Collect 18.7% While You Wait (Rating Upgrade) I am upgrading the PIMCO Dynamic Income Fund to a strong buy as shares now trade at a rare 5.85% discount to NAV. PDI offers an 18.7% dividend yield, but current distribution coverage is weak, with only 62.75% covered by net investment income. Nearly half of PDI's portfolio will mature within three years, enabling reinvestment at higher yields and potential improvement in earnings and coverage.