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

PCM Fund Inc. (NYSE:PCM) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Thursday, July 11th will be paid a dividend of 0.08 per share by the investment management company on Thursday, August 1st. This represents a $0.96 dividend on an annualized basis and a yield of 12.50%. The ex-dividend date is Thursday, July 11th.

PCM Fund Stock Performance

Shares of PCM stock traded up $0.04 during mid-day trading on Tuesday, hitting $7.68. 58,176 shares of the stock were exchanged, compared to its average volume of 41,397. The stock’s fifty day simple moving average is $8.32 and its two-hundred day simple moving average is $8.26. PCM Fund has a 12-month low of $6.88 and a 12-month high of $10.20.

About PCM Fund

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.