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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, July 11th will be paid a dividend of 0.08 per share by the investment management company on Thursday, August 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.52%. The ex-dividend date of this dividend is Thursday, July 11th.

PCM Fund Trading Up 0.4 %

PCM traded up $0.03 on Tuesday, reaching $7.67. The company’s stock had a trading volume of 57,676 shares, compared to its average volume of 41,397. PCM Fund has a 1 year low of $6.88 and a 1 year high of $10.20. The business’s 50 day moving average is $8.32 and its 200 day moving average is $8.26.

About PCM Fund

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.