Pcm Fund Inc (NYSE:PCM) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.08 per share by the investment management company on Tuesday, January 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date is Friday, December 8th.
Pcm Fund has decreased its dividend by an average of 7.6% per year over the last three years.
Pcm Fund (NYSE PCM) traded up $0.10 during trading on Tuesday, hitting $11.57. 47,800 shares of the stock were exchanged, compared to its average volume of 53,818. Pcm Fund has a 1 year low of $9.62 and a 1 year high of $12.13.
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About Pcm Fund
PCM Fund Inc (the Fund) is a diversified closed-end management investment company. The Company’s primary investment objective is to seek to achieve high current income. Capital gains from the disposition of investments are a secondary objective of the Fund. The Fund invests in agency-guaranteed mortgage-backed securities (MBS), private label (non-agency) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities.
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