PIMCO Municipal Income Fund (NYSE:PMF) Announces Monthly Dividend of $0.04

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Thursday, July 11th will be paid a dividend of 0.042 per share by the financial services provider on Thursday, August 1st. This represents a $0.50 annualized dividend and a yield of 5.47%. The ex-dividend date is Thursday, July 11th.

PIMCO Municipal Income Fund has decreased its dividend payment by an average of 8.0% annually over the last three years.

PIMCO Municipal Income Fund Stock Up 1.7 %

NYSE PMF traded up $0.15 during midday trading on Tuesday, hitting $9.22. 99,927 shares of the company traded hands, compared to its average volume of 64,952. PIMCO Municipal Income Fund has a 52 week low of $7.69 and a 52 week high of $10.47. The company’s 50-day simple moving average is $9.13 and its 200-day simple moving average is $9.28.

PIMCO Municipal Income Fund Company Profile

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.