News articles about Pimco Municipal Income Fund (NYSE:PMF) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pimco Municipal Income Fund earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.6073960155262 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
NYSE:PMF traded up $0.10 during trading on Thursday, hitting $12.53. 92,104 shares of the stock were exchanged, compared to its average volume of 90,257. Pimco Municipal Income Fund has a 1-year low of $12.29 and a 1-year high of $14.23.
The company also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be given a dividend of $0.0597 per share. This represents a $0.72 annualized dividend and a yield of 5.71%. The ex-dividend date is Friday, March 9th.
PIMCO Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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