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

PIMCO Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid 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 yield of 5.73%. The ex-dividend date is Friday, April 11th.

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

PIMCO Municipal Income Fund Stock Down 2.0 %

Shares of PMF stock opened at $8.80 on Friday. The stock has a 50-day simple moving average of $9.06 and a 200 day simple moving average of $9.37. PIMCO Municipal Income Fund has a fifty-two week low of $8.58 and a fifty-two week high of $10.50.

Insider Activity at PIMCO Municipal Income Fund

In related news, major shareholder Of America Corp /De/ Bank bought 24,110 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $9.02 per share, with a total value of $217,472.20. Following the completion of the transaction, the insider now directly owns 24,110 shares of the company’s stock, valued at approximately $217,472.20. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 25,505 shares of company stock valued at $230,140 over the last ninety 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.