PIMCO Municipal Income Fund (NYSE:PMF) Announces $0.04 Monthly Dividend

PIMCO Municipal Income Fund (NYSE:PMF) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.042 per share by the financial services provider on Monday, June 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Friday, May 10th.

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

PIMCO Municipal Income Fund Price Performance

Shares of NYSE:PMF opened at $9.21 on Thursday. PIMCO Municipal Income Fund has a 52 week low of $7.69 and a 52 week high of $10.48. The firm has a 50 day moving average of $9.23 and a 200 day moving average of $9.16.

PIMCO Municipal Income Fund Company Profile

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.