PCM Fund, Inc. (NYSE:PCM) announced a — dividend on Thursday, September 5th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.08 per share by the investment management company on Tuesday, October 1st. This represents a dividend yield of 8.7%. The ex-dividend date of this dividend is Thursday, September 12th.
PCM Fund has decreased its dividend by an average of 2.9% per year over the last three years.
Shares of PCM Fund stock traded down $0.04 during trading on Wednesday, hitting $11.02. The stock had a trading volume of 900 shares, compared to its average volume of 46,434. PCM Fund has a 12 month low of $9.35 and a 12 month high of $11.73. The firm’s fifty day simple moving average is $11.12 and its 200-day simple moving average is $11.22.
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.
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