Pcm Fund Inc (NYSE:PCM) declared a special dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.02 per share by the investment management company on Friday, December 22nd. This represents a yield of 8.14%. The ex-dividend date is Friday, December 15th.

Pcm Fund has decreased its dividend by an average of 7.6% annually over the last three years.

Pcm Fund (NYSE:PCM) traded down $0.07 during trading hours on Monday, hitting $11.80. 50,958 shares of the stock traded hands, compared to its average volume of 53,717. Pcm Fund has a 1-year low of $9.68 and a 1-year high of $12.13.

WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/11/pcm-fund-inc-pcm-plans-0-02-special-dividend.html.

About Pcm Fund

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.

Dividend History for Pcm Fund (NYSE:PCM)

Receive News & Ratings for Pcm Fund Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pcm Fund Inc and related companies with MarketBeat.com's FREE daily email newsletter.