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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Investors of record on Thursday, June 13th will be given a dividend of 0.08 per share by the investment management company on Monday, July 1st. This represents a $0.96 annualized dividend and a yield of 11.97%. The ex-dividend date is Thursday, June 13th.

PCM Fund Stock Performance

Shares of PCM stock traded up $0.16 during trading hours on Wednesday, hitting $8.02. 57,919 shares of the company were exchanged, compared to its average volume of 37,050. PCM Fund has a fifty-two week low of $6.88 and a fifty-two week high of $10.20. The company has a 50 day simple moving average of $8.60 and a two-hundred day simple moving average of $8.29.

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.