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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.08 per share by the investment management company on Thursday, January 2nd. This represents a $0.96 annualized dividend and a dividend yield of 11.83%. The ex-dividend date is Thursday, December 12th.

PCM Fund Trading Up 0.3 %

Shares of NYSE PCM traded up $0.03 during midday trading on Tuesday, reaching $8.12. 26,574 shares of the stock were exchanged, compared to its average volume of 43,723. The business has a 50-day simple moving average of $8.05 and a two-hundred day simple moving average of $7.91. PCM Fund has a 12 month low of $7.26 and a 12 month high of $9.15.

About PCM Fund

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.