PIMCO Municipal Income Fund (PMF) to Issue Monthly Dividend of $0.04 on May 1st

PIMCO Municipal Income Fund (NYSE:PMFGet Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Investors of record on Thursday, April 11th will be given a dividend of 0.042 per share by the financial services provider on Wednesday, May 1st. This represents a $0.50 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, April 10th.

PIMCO Municipal Income Fund Price Performance

Shares of NYSE:PMF opened at $9.28 on Wednesday. The business has a 50-day moving average price of $9.47 and a 200 day moving average price of $9.05. PIMCO Municipal Income Fund has a 12-month low of $7.69 and a 12-month high of $10.56.

Institutional Investors Weigh In On PIMCO Municipal Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in PIMCO Municipal Income Fund by 1.2% during the second quarter. Royal Bank of Canada now owns 134,401 shares of the financial services provider’s stock worth $1,382,000 after buying an additional 1,583 shares during the period. Cetera Investment Advisers lifted its position in shares of PIMCO Municipal Income Fund by 12.9% in the first quarter. Cetera Investment Advisers now owns 17,786 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 2,031 shares in the last quarter. Raymond James & Associates lifted its position in shares of PIMCO Municipal Income Fund by 13.0% in the fourth quarter. Raymond James & Associates now owns 18,181 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 2,087 shares in the last quarter. Stifel Financial Corp lifted its position in shares of PIMCO Municipal Income Fund by 21.4% in the third quarter. Stifel Financial Corp now owns 14,169 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 2,500 shares in the last quarter. Finally, US Bancorp DE increased its stake in PIMCO Municipal Income Fund by 159.9% in the fourth quarter. US Bancorp DE now owns 5,315 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 3,270 shares during the last quarter.

PIMCO Municipal Income Fund Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for PIMCO Municipal Income Fund (NYSE:PMF)

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