PCM Fund Inc. (NYSE:PCM) Announces Monthly Dividend of $0.08

PCM Fund Inc. (NYSE:PCMGet Rating) declared a monthly dividend on Wednesday, May 4th, Wall Street Journal reports. Investors of record on Thursday, May 12th will be given a dividend of 0.08 per share by the investment management company on Wednesday, June 1st. This represents a $0.96 annualized dividend and a yield of 9.08%. The ex-dividend date is Wednesday, May 11th.

Shares of PCM opened at $10.57 on Thursday. PCM Fund has a fifty-two week low of $9.78 and a fifty-two week high of $12.77. The firm has a 50-day simple moving average of $10.40 and a 200-day simple moving average of $10.76.

Large investors have recently bought and sold shares of the stock. UBS Group AG boosted its stake in PCM Fund by 65.4% during the 3rd quarter. UBS Group AG now owns 4,419 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 1,747 shares during the period. Morgan Stanley lifted its stake in shares of PCM Fund by 28.9% in the 1st quarter. Morgan Stanley now owns 12,173 shares of the investment management company’s stock worth $140,000 after acquiring an additional 2,731 shares during the period. MML Investors Services LLC raised its holdings in shares of PCM Fund by 25.5% in the 4th quarter. MML Investors Services LLC now owns 27,521 shares of the investment management company’s stock worth $295,000 after purchasing an additional 5,599 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of PCM Fund by 131.4% in the 4th quarter. Susquehanna International Group LLP now owns 30,589 shares of the investment management company’s stock worth $328,000 after purchasing an additional 17,371 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of PCM Fund by 13.3% in the 2nd quarter. Bank of America Corp DE now owns 46,658 shares of the investment management company’s stock worth $554,000 after purchasing an additional 5,469 shares in the last quarter. Institutional investors and hedge funds own 6.57% of the company’s stock.

About PCM Fund (Get Rating)

PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.

See Also

Dividend History for PCM Fund (NYSE:PCM)

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