Pimco Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.0597 per share by the financial services provider on Tuesday, January 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Friday, December 8th.
Pimco Municipal Income Fund has decreased its dividend by an average of 2.9% annually over the last three years.
Pimco Municipal Income Fund (PMF) remained flat at $$12.95 during trading hours on Monday. The company’s stock had a trading volume of 243,750 shares, compared to its average volume of 82,955. Pimco Municipal Income Fund has a one year low of $12.74 and a one year high of $15.53.
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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