PCM Fund, Inc. (NYSE:PCM) declared a monthly dividend on Monday, July 6th, Wall Street Journal reports. Investors of record on Monday, July 13th will be given a dividend of 0.08 per share by the investment management company on Monday, August 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date is Friday, July 10th.
PCM Fund has decreased its dividend by an average of 14.7% per year over the last three years.
PCM Fund stock opened at $9.63 on Wednesday. The stock has a 50-day simple moving average of $9.44 and a 200 day simple moving average of $9.93. PCM Fund has a 12-month low of $5.51 and a 12-month high of $12.10.
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.
Further Reading: What is a good rate of return for a mutual fund?
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