Pcm Fund (NYSE:PCM) Announces $0.06 Monthly Dividend

Pcm Fund (NYSE:PCM) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 13th will be given a dividend of 0.0642 per share by the investment management company on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Tuesday, January 13th.

Pcm Fund Stock Down 0.4%

Shares of NYSE:PCM opened at $6.11 on Friday. The business’s 50 day moving average is $6.17 and its 200 day moving average is $6.33. Pcm Fund has a 12-month low of $5.88 and a 12-month high of $6.84.

Institutional Trading of Pcm Fund

A hedge fund recently bought a new stake in Pcm Fund stock. Scotia Capital Inc. bought a new stake in Pcm Fund (NYSE:PCM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,784 shares of the investment management company’s stock, valued at approximately $92,000. Scotia Capital Inc. owned about 0.11% of Pcm Fund at the end of the most recent reporting period. Institutional investors own 10.26% of the company’s stock.

About Pcm Fund

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.