Pimco Municipal Income Fund (PMF) Plans Monthly Dividend of $0.06
Pimco Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.0597 per share by the financial services provider on Thursday, February 1st. This represents a $0.72 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Thursday, January 11th.
Pimco Municipal Income Fund has decreased its dividend by an average of 2.9% per year over the last three years.
Pimco Municipal Income Fund (NYSE PMF) traded up $0.19 during mid-day trading on Wednesday, reaching $13.32. 176,541 shares of the company’s stock were exchanged, compared to its average volume of 194,150. Pimco Municipal Income Fund has a 1 year low of $12.74 and a 1 year high of $15.53.
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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