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

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.042 per share by the financial services provider on Tuesday, April 1st. This represents a $0.50 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Thursday, March 13th.

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

PIMCO Municipal Income Fund Price Performance

PMF stock opened at $9.32 on Wednesday. PIMCO Municipal Income Fund has a one year low of $8.58 and a one year high of $10.50. The firm has a 50-day simple moving average of $9.03 and a two-hundred day simple moving average of $9.46.

Insider Transactions at PIMCO Municipal Income Fund

In related news, major shareholder Of America Corp /De/ Bank acquired 24,110 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the completion of the acquisition, the insider now directly owns 24,110 shares in the company, valued at $217,472.20. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have acquired 25,505 shares of company stock valued at $230,140.

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.