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

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

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 Down 0.1 %

NYSE:PMF traded down $0.01 during midday trading on Tuesday, reaching $9.32. 49,989 shares of the company traded hands, compared to its average volume of 74,378. The company has a fifty day moving average price of $9.02 and a 200 day moving average price of $9.46. PIMCO Municipal Income Fund has a twelve month low of $8.58 and a twelve month high of $10.50.

Insider Buying and Selling at PIMCO Municipal Income Fund

In other PIMCO Municipal Income Fund news, major shareholder Of America Corp /De/ Bank purchased 24,110 shares of PIMCO Municipal Income Fund stock in a transaction on Friday, February 21st. The stock was bought at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the transaction, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought 25,505 shares of company stock valued at $230,140 in 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.