PIMCO Municipal Income Fund to Issue Monthly Dividend of $0.04 (NYSE:PMF)

PIMCO Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be given a dividend of 0.042 per share by the financial services provider on Monday, February 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Monday, January 13th.

PIMCO Municipal Income Fund has decreased its dividend by an average of 8.0% per year over the last three years.

PIMCO Municipal Income Fund Stock Performance

Shares of NYSE:PMF traded down $0.05 during trading hours on Friday, hitting $9.04. 82,001 shares of the company’s stock traded hands, compared to its average volume of 69,800. The company’s fifty day simple moving average is $9.47 and its two-hundred day simple moving average is $9.53. PIMCO Municipal Income Fund has a 52 week low of $8.83 and a 52 week high of $10.50.

PIMCO Municipal Income Fund Company Profile

PIMCO Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.