Pcm Fund Inc (PCM) to Issue Monthly Dividend of $0.08 on January 2nd

Pcm Fund Inc (NYSE:PCM) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.08 per share by the investment management company on Tuesday, January 2nd. This represents a $0.96 annualized dividend and a yield of 8.22%. The ex-dividend date is Friday, December 8th.

Pcm Fund has decreased its dividend by an average of 7.6% annually over the last three years.

Shares of Pcm Fund (NYSE:PCM) opened at $11.68 on Thursday. Pcm Fund has a twelve month low of $9.62 and a twelve month high of $12.13.

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About Pcm Fund

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.

Dividend History for Pcm Fund (NYSE:PCM)

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