Pimco Municipal Income Fund (NYSE:PMF) Declares $0.06 Monthly Dividend
Pimco Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Stockholders of record on Friday, July 14th will be given a dividend of 0.0597 per share by the financial services provider on Tuesday, August 1st. This represents a $0.72 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Wednesday, July 12th.
Pimco Municipal Income Fund has decreased its dividend payment by an average of 2.9% per year over the last three years.
Pimco Municipal Income Fund (PMF) traded down 0.07% on Wednesday, hitting $13.71. The stock had a trading volume of 72,884 shares. The stock’s 50-day moving average is $13.66 and its 200-day moving average is $13.83. Pimco Municipal Income Fund has a 52-week low of $12.74 and a 52-week high of $17.43.
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About Pimco Municipal Income Fund
PIMCO Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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