Pcm Fund (PCM) to Distribute Monthly Dividend of $0.06 on October 1st

Pcm Fund (NYSE:PCM) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Friday, September 11th will be given a dividend of 0.0642 per share by the investment management company on Thursday, October 1st. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date of this dividend is Friday, September 11th.

Pcm Fund Trading Down 0.7%

Shares of NYSE:PCM opened at $5.30 on Wednesday. The company has a 50-day moving average price of $5.58 and a two-hundred day moving average price of $5.68. Pcm Fund has a twelve month low of $5.22 and a twelve month high of $6.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. StoneX Group Inc. bought a new stake in Pcm Fund during the 4th quarter valued at $68,000. Everett Harris & Co. CA bought a new position in shares of Pcm Fund in the fourth quarter worth $80,000. Integrity Advisory Solutions LLC bought a new position in shares of Pcm Fund in the fourth quarter worth $83,000. Scotia Capital Inc. purchased a new position in shares of Pcm Fund in the third quarter valued at $92,000. Finally, Kestra Advisory Services LLC grew its position in shares of Pcm Fund by 65.2% in the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after purchasing an additional 13,667 shares in the last quarter. 10.26% of the stock is owned by institutional investors.

About Pcm Fund

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.