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

PIMCO Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Thursday, December 12th will be paid a dividend of 0.042 per share by the financial services provider on Thursday, January 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, December 12th.

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 Price Performance

PMF traded down $0.06 during trading on Tuesday, reaching $9.58. 58,412 shares of the company’s stock were exchanged, compared to its average volume of 69,182. PIMCO Municipal Income Fund has a fifty-two week low of $8.83 and a fifty-two week high of $10.50. The company’s fifty day moving average price is $9.87 and its 200-day moving average price is $9.53.

About PIMCO Municipal Income Fund

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.