Pcm Fund Inc (NYSE:PCM) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.08 per share by the investment management company on Thursday, February 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date of this dividend is Thursday, January 11th.
Pcm Fund has decreased its dividend by an average of 1.8% per year over the last three years.
Shares of Pcm Fund (NYSE:PCM) opened at $11.45 on Wednesday. Pcm Fund has a 1-year low of $9.85 and a 1-year high of $12.13.
Pcm Fund Company Profile
PCM Fund Inc (the Fund) is a diversified closed-end management investment company. The Company’s primary investment objective is to seek to achieve high current income. Capital gains from the disposition of investments are a secondary objective of the Fund. The Fund invests in agency-guaranteed mortgage-backed securities (MBS), private label (non-agency) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities.
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