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Europe arm of Pimco shells out bumper dividend

After a record 2013 for profits, the European unit of the US bond giant has paid dividends to the tune of £75m this year

The European arm of Pimco has shelled out £75 million in dividends since the start of this year – just the second time it has done so since the US bond giant's 2000 acquisition by the German insurer Allianz – after net profits almost trebled to a record level in 2013.

Pimco Europe Ltd's accounts for the 2013 calendar year, which were made available at Companies House last Friday, show that the firm's directors recommended and paid a £10 million dividend in January this year, before deciding on a further £65 million dividend, which was paid out in April.

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