Pimco Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.0597 per share by the financial services provider on Thursday, February 1st. This represents a $0.72 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Thursday, January 11th.
Pimco Municipal Income Fund has decreased its dividend payment by an average of 5.3% per year over the last three years.
Shares of Pimco Municipal Income Fund (NYSE PMF) opened at $13.32 on Friday. Pimco Municipal Income Fund has a 12 month low of $12.74 and a 12 month high of $15.53.
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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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