PCM Fund, Inc. (NYSE:PCM) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Shareholders of record on Monday, March 12th will be given a dividend of 0.08 per share by the investment management company on Monday, April 2nd. This represents a $0.96 annualized dividend and a yield of 8.61%. The ex-dividend date is Friday, March 9th.
PCM Fund has decreased its dividend by an average of 1.8% per year over the last three years.
Shares of PCM Fund (NYSE PCM) opened at $11.15 on Friday. PCM Fund has a 1 year low of $10.02 and a 1 year high of $12.13.
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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