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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.08 per share by the investment management company on Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 10.82%. The ex-dividend date is Friday, May 10th.

PCM Fund Trading Up 0.3 %

PCM stock traded up $0.03 during midday trading on Friday, reaching $8.87. The stock had a trading volume of 20,878 shares, compared to its average volume of 30,830. PCM Fund has a 52-week low of $6.88 and a 52-week high of $10.20. The company’s fifty day simple moving average is $8.41 and its 200 day simple moving average is $8.11.

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.