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

PCM Fund Inc. (NYSE:PCM) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Monday, August 12th will be given a dividend of 0.08 per share by the investment management company on Tuesday, September 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date is Monday, August 12th.

PCM Fund Stock Up 0.2 %

PCM stock traded up $0.02 on Friday, reaching $7.73. 30,382 shares of the company traded hands, compared to its average volume of 56,062. The firm has a fifty day simple moving average of $7.76 and a 200-day simple moving average of $8.18. PCM Fund has a one year low of $6.88 and a one year high of $10.20.

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.