PIMCO Municipal Income Fund (NYSE:PMF) Announces Monthly Dividend of $0.04

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Friday, April 11th will be given a dividend of 0.042 per share by the financial services provider on Thursday, May 1st. This represents a $0.50 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, April 11th.

PIMCO Municipal Income Fund has decreased its dividend payment by an average of 8.0% per year over the last three years.

PIMCO Municipal Income Fund Price Performance

PMF stock traded up $0.13 during trading on Thursday, reaching $9.02. 71,770 shares of the company were exchanged, compared to its average volume of 75,468. PIMCO Municipal Income Fund has a twelve month low of $8.58 and a twelve month high of $10.50. The company has a 50-day moving average of $9.06 and a two-hundred day moving average of $9.38.

Insider Buying and Selling

In related news, major shareholder Of America Corp /De/ Bank purchased 24,110 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $9.02 per share, with a total value of $217,472.20. Following the completion of the purchase, the insider now owns 24,110 shares in the company, valued at approximately $217,472.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 25,505 shares of company stock valued at $230,140 over the last ninety days.

PIMCO Municipal Income Fund Company Profile

PIMCO Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.