PCM Fund Inc. (NYSE:PCM - Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.0642 per share by the investment management company on Thursday, May 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 12.48%. The ex-dividend date is Friday, April 11th.
PCM Fund has decreased its dividend payment by an average of 0.4% annually over the last three years.
PCM Fund Price Performance
Shares of PCM stock traded up $0.12 on Tuesday, reaching $6.18. 38,687 shares of the company's stock were exchanged, compared to its average volume of 55,251. PCM Fund has a 52 week low of $5.90 and a 52 week high of $9.15. The company's fifty day simple moving average is $6.55 and its 200 day simple moving average is $7.32.
PCM Fund Company Profile
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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.
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