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

PCM Fund Inc. (NYSE:PCM) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.08 per share by the investment management company on Thursday, August 1st. This represents a $0.96 annualized dividend and a dividend yield of 12.50%. The ex-dividend date of this dividend is Thursday, July 11th.

PCM Fund Trading Up 0.5 %

Shares of NYSE:PCM opened at $7.68 on Wednesday. The company has a 50-day moving average price of $8.30 and a two-hundred day moving average price of $8.25. PCM Fund has a twelve month low of $6.88 and a twelve month 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.