Pimco Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Monday, November 13th will be paid a dividend of 0.0597 per share by the financial services provider on Friday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, November 10th.
Pimco Municipal Income Fund has decreased its dividend by an average of 2.9% per year over the last three years.
Shares of Pimco Municipal Income Fund (NYSE:PMF) traded down $0.02 during trading on Friday, hitting $13.14. 78,939 shares of the company traded hands.
About Pimco Municipal Income Fund
PIMCO Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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