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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Tuesday, October 1st, NASDAQ reports. Investors of record on Friday, October 11th will be given a dividend of 0.08 per share by the investment management company on Friday, November 1st. This represents a $0.96 annualized dividend and a yield of 12.06%. The ex-dividend date of this dividend is Friday, October 11th.

PCM Fund Stock Down 0.6 %

PCM Fund stock opened at $7.96 on Thursday. PCM Fund has a 12-month low of $6.88 and a 12-month high of $9.15. The firm’s fifty day moving average price is $7.77 and its 200 day moving average price is $8.06.

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.