PIMCO Municipal Income Fund (PMF) to Issue Monthly Dividend of $0.04 on April 1st

PIMCO Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 13th.

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

PIMCO Municipal Income Fund Trading Down 0.1 %

NYSE:PMF opened at $9.32 on Wednesday. PIMCO Municipal Income Fund has a twelve month low of $8.58 and a twelve month high of $10.50. The stock has a fifty day simple moving average of $9.03 and a 200-day simple moving average of $9.46.

Insider Buying and Selling

In other news, major shareholder Of America Corp /De/ Bank purchased 24,110 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $9.02 per share, with a total value of $217,472.20. Following the transaction, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 25,505 shares of company stock valued at $230,140 in the last 90 days.

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.