Pimco Municipal Income Fund (PMF) to Issue Monthly Dividend of $0.06 on October 2nd
Pimco Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Thursday, September 7th, Wall Street Journal reports. Stockholders of record on Monday, September 11th will be given a dividend of 0.0597 per share by the financial services provider on Monday, October 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, September 8th.
Pimco Municipal Income Fund has decreased its dividend by an average of 2.9% annually over the last three years.
Pimco Municipal Income Fund (NYSE:PMF) traded up 0.7592% on Thursday, hitting $14.2272. 23,488 shares of the stock were exchanged. Pimco Municipal Income Fund has a 52-week low of $12.74 and a 52-week high of $16.95. The stock’s 50 day moving average price is $13.99 and its 200 day moving average price is $13.60.
Pimco Municipal Income Fund Company Profile
PIMCO Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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