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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given 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 yield of 10.82%. The ex-dividend date is Friday, May 10th.

PCM Fund Trading Up 0.3 %

PCM stock opened at $8.87 on Friday. PCM Fund has a 12-month low of $6.88 and a 12-month high of $10.20. The company has a 50 day moving average of $8.42 and a two-hundred day moving average of $8.12.

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.