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

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.042 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.50 annualized dividend and a yield of 5.33%. The ex-dividend date is Monday, August 12th.

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

PIMCO Municipal Income Fund Trading Up 1.6 %

NYSE:PMF traded up $0.15 on Friday, hitting $9.45. 159,528 shares of the company’s stock were exchanged, compared to its average volume of 65,537. The firm has a 50-day moving average price of $9.22 and a 200-day moving average price of $9.27. PIMCO Municipal Income Fund has a 52 week low of $7.69 and a 52 week high of $9.83.

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.