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.