PCM FUND INC Plans Monthly Dividend of $0.08 (NYSE:PCM)
PCM FUND INC (NYSE:PCM) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Investors of record on Friday, July 14th will be given a dividend of 0.08 per share by the investment management company on Tuesday, August 1st. This represents a $0.96 annualized dividend and a dividend yield of 8.47%. The ex-dividend date is Wednesday, July 12th.
PCM FUND INC has decreased its dividend payment by an average of 7.6% annually over the last three years.
PCM FUND INC (NYSE PCM) traded up 0.71% during midday trading on Wednesday, hitting $11.34. The company had a trading volume of 96,038 shares. PCM FUND INC has a 52 week low of $9.05 and a 52 week high of $11.38. The stock has a 50 day moving average price of $10.84 and a 200 day moving average price of $10.37.
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About PCM FUND INC
PCM Fund Inc (the Fund) is a diversified closed-end management investment company. The Company’s primary investment objective is to seek to achieve high current income. Capital gains from the disposition of investments are a secondary objective of the Fund. The Fund invests in agency-guaranteed mortgage-backed securities (MBS), private label (non-agency) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities.
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