Pimco Municipal Income Fund (PMF) to Issue $0.06 Monthly Dividend
Pimco Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Stockholders of record on Monday, March 12th will be paid a dividend of 0.0597 per share by the financial services provider on Monday, April 2nd. This represents a $0.72 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend is Friday, March 9th.
Pimco Municipal Income Fund has decreased its dividend by an average of 5.3% annually over the last three years.
Shares of Pimco Municipal Income Fund (PMF) traded up $0.05 during trading hours on Friday, hitting $12.51. 82,154 shares of the stock traded hands, compared to its average volume of 97,737. Pimco Municipal Income Fund has a 52 week low of $12.41 and a 52 week high of $14.23.
Pimco Municipal Income Fund Company Profile
PIMCO Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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