Pcm Fund Inc to Issue Monthly Dividend of $0.08 (PCM)
Pcm Fund Inc (NYSE:PCM) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.08 per share by the investment management company on Thursday, February 1st. This represents a $0.96 annualized dividend and a yield of 8.18%. The ex-dividend date of this dividend is Thursday, January 11th.
Pcm Fund has decreased its dividend by an average of 7.6% annually over the last three years.
Pcm Fund (NYSE:PCM) traded up $0.04 during trading on Wednesday, reaching $11.74. 45,038 shares of the company traded hands, compared to its average volume of 45,500. Pcm Fund has a twelve month low of $9.80 and a twelve month high of $12.13.
Pcm Fund 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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