News coverage about Pimco Municipal Income Fund (NYSE:PMF) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pimco Municipal Income Fund earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.8253833182145 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of NYSE PMF traded up $0.10 during trading on Friday, reaching $12.53. The stock had a trading volume of 92,104 shares, compared to its average volume of 90,257. Pimco Municipal Income Fund has a one year low of $12.29 and a one year high of $14.23.
The company also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be issued a $0.0597 dividend. The ex-dividend date is Friday, March 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.71%.
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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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