Pcm Fund Inc (PCM) Plans $0.02 Special Dividend
Pcm Fund Inc (NYSE:PCM) declared a special dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.02 per share by the investment management company on Friday, December 22nd. This represents a yield of 8.14%. The ex-dividend date is Friday, December 15th.
Pcm Fund has decreased its dividend by an average of 7.6% annually over the last three years.
Pcm Fund (NYSE:PCM) traded down $0.07 during trading hours on Monday, hitting $11.80. 50,958 shares of the stock traded hands, compared to its average volume of 53,717. Pcm Fund has a 1-year low of $9.68 and a 1-year high of $12.13.
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PCM Fund Inc (the Fund) is a diversified closed-end management investment company. The Company’s primary investment objective is to seek to achieve high current income. Capital gains from the disposition of investments are a secondary objective of the Fund. The Fund invests in agency-guaranteed mortgage-backed securities (MBS), private label (non-agency) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities.
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