Pimco Municipal Income Fund (PMF) Announces Monthly Dividend of $0.06
Pimco Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.0597 per share by the financial services provider on Wednesday, November 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, October 12th.
Pimco Municipal Income Fund has decreased its dividend payment by an average of 2.9% per year over the last three years.
Shares of Pimco Municipal Income Fund (PMF) traded up 0.22% on Tuesday, hitting $13.61. The stock had a trading volume of 92,814 shares. The firm has a 50-day moving average price of $13.99 and a 200-day moving average price of $13.69. Pimco Municipal Income Fund has a 52 week low of $12.74 and a 52 week high of $16.93.
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Pimco Municipal Income Fund Company Profile
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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