PCM Fund Inc. (PCM) to Issue Dividend of $0.08 on August 1st

PCM Fund Inc. (NYSE:PCMGet Rating) announced a dividend on Tuesday, July 5th, investing.com reports. Stockholders of record on Monday, July 11th will be paid a dividend of 0.08 per share by the investment management company on Monday, August 1st. This represents a dividend yield of 10.3%. The ex-dividend date is Friday, July 8th.

Shares of PCM opened at $9.51 on Wednesday. PCM Fund has a twelve month low of $8.69 and a twelve month high of $12.23. The firm’s fifty day simple moving average is $9.86 and its 200-day simple moving average is $10.32.

A hedge fund recently raised its stake in PCM Fund stock. Bank of America Corp DE lifted its stake in PCM Fund Inc. (NYSE:PCMGet Rating) by 44.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,585 shares of the investment management company’s stock after buying an additional 17,016 shares during the period. Bank of America Corp DE owned approximately 0.48% of PCM Fund worth $566,000 at the end of the most recent quarter. Institutional investors own 6.57% of the company’s stock.

About PCM Fund (Get Rating)

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.

See Also

Dividend History for PCM Fund (NYSE:PCM)

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