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

PCM Fund Inc. (NYSE:PCM) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Monday, May 13th will be paid a dividend of 0.08 per share by the investment management company on Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 10.84%. The ex-dividend date is Friday, May 10th.

PCM Fund Stock Performance

Shares of PCM stock opened at $8.86 on Wednesday. The stock has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $8.14. PCM Fund has a 52-week low of $6.88 and a 52-week high of $10.20.

PCM Fund Company Profile

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.