PCM FUND INC (PCM) Plans Monthly Dividend of $0.08
PCM FUND INC (NYSE:PCM) declared a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.08 per share by the investment management company on Friday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Friday, November 10th.
PCM FUND INC has decreased its dividend payment by an average of 7.6% per year over the last three years.
Shares of PCM FUND INC (NYSE PCM) traded up $0.04 during mid-day trading on Friday, hitting $12.00. 29,808 shares of the stock traded hands, compared to its average volume of 62,460.
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PCM FUND INC Company Profile
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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