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

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.042 per share by the financial services provider on Tuesday, April 1st. This represents a $0.50 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 13th.

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 Price Performance

PMF stock traded down $0.01 during trading on Tuesday, hitting $9.32. 49,989 shares of the company’s stock traded hands, compared to its average volume of 74,378. PIMCO Municipal Income Fund has a 52 week low of $8.58 and a 52 week high of $10.50. The business has a fifty day simple moving average of $9.02 and a 200 day simple moving average of $9.46.

Insider Activity at PIMCO Municipal Income Fund

In other news, major shareholder Of America Corp /De/ Bank bought 24,110 shares of the stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the acquisition, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 25,505 shares of company stock valued at $230,140.

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.