Pcm Fund (NYSE:PCM) to Issue Monthly Dividend of $0.06

Pcm Fund (NYSE:PCM) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 0.0642 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Monday, July 13th.

Pcm Fund Stock Performance

Shares of PCM stock opened at $5.62 on Thursday. The stock’s 50-day moving average price is $5.67 and its 200 day moving average price is $5.85. Pcm Fund has a 52-week low of $5.48 and a 52-week high of $6.76.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PCM. Rivernorth Capital Management LLC raised its stake in shares of Pcm Fund by 59.3% during the 1st quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock worth $2,738,000 after buying an additional 178,434 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Pcm Fund by 33.4% in the fourth quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock valued at $1,779,000 after buying an additional 72,482 shares in the last quarter. LPL Financial LLC raised its position in Pcm Fund by 6.7% during the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after acquiring an additional 19,364 shares during the last quarter. Scotia Capital Inc. acquired a new position in shares of Pcm Fund during the 3rd quarter worth approximately $92,000. Finally, Integrity Advisory Solutions LLC acquired a new position in shares of Pcm Fund in the fourth quarter worth $83,000. 10.26% of the stock is owned by hedge funds and other institutional investors.

Pcm Fund Company Profile

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.