PCM Fund Inc. Plans Monthly Dividend of $0.08 (NYSE:PCM)

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.08 per share by the investment management company on Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 10.87%. The ex-dividend date of this dividend is Friday, May 10th.

PCM Fund Stock Down 0.3 %

Shares of NYSE:PCM opened at $8.83 on Thursday. The firm has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $8.15. PCM Fund has a fifty-two week low of $6.88 and a fifty-two week high of $10.20.

PCM Fund Company Profile

PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.