PIMCO Municipal Income Fund (PMF) to Issue Monthly Dividend of $0.04 on May 1st

PIMCO Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.042 per share by the financial services provider on Thursday, May 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Friday, April 11th.

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

PIMCO Municipal Income Fund Stock Performance

Shares of PMF stock opened at $8.80 on Friday. The business has a 50 day moving average of $9.06 and a two-hundred day moving average of $9.37. PIMCO Municipal Income Fund has a 52 week low of $8.58 and a 52 week high of $10.50.

Insider Activity at PIMCO Municipal Income Fund

In other news, major shareholder Of America Corp /De/ Bank acquired 24,110 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $9.02 per share, for a total transaction of $217,472.20. Following the transaction, the insider now directly owns 24,110 shares in the company, valued at $217,472.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 25,505 shares of company stock worth $230,140 in the last 90 days.

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.