Pcm Fund (NYSE:PCM – Get Free Report) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.0642 per share by the investment management company on Monday, November 2nd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 15.4%. The ex-dividend date is Tuesday, October 13th.
Pcm Fund Stock Performance
NYSE PCM opened at $5.01 on Friday. The stock’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $5.57. Pcm Fund has a twelve month low of $4.85 and a twelve month high of $6.76.
Institutional Trading of Pcm Fund
Several large investors have recently bought and sold shares of PCM. Everett Harris & Co. CA bought a new position in Pcm Fund in the 4th quarter worth about $80,000. Landscape Capital Management L.L.C. bought a new stake in Pcm Fund during the 2nd quarter worth approximately $322,000. Arlington Capital Management Inc. purchased a new position in shares of Pcm Fund during the 1st quarter valued at $328,000. Concord Investment Counsel Inc. purchased a new position in shares of Pcm Fund in the second quarter valued at about $358,000. Finally, Rivernorth Capital Management LLC boosted its stake in Pcm Fund by 59.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock worth $2,738,000 after purchasing an additional 178,434 shares during the period. 10.26% of the stock is owned by institutional investors.
Pcm Fund Company Profile
PCM Fund, Inc (NYSE: PCM) is a closed-end investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund is designed to provide investors with access to professionally managed fixed-income investments rather than operating a conventional business.
The fund primarily invests in commercial mortgage-backed securities and other mortgage-related investments. Its investment strategy is focused on generating a high level of current income, with capital appreciation as a secondary objective.
Further Reading
- Five stocks we like better than Pcm Fund
- Inhibrx’s Insider Buying Adds Fuel to a High-Short-Interest Biotech Setup
- Alamos Gold’s 1 Million-Ounce Growth Story Is Hiding in Plain Sight
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
Receive News & Ratings for Pcm Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pcm Fund and related companies with MarketBeat.com's FREE daily email newsletter.
