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

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.042 per share by the financial services provider on Thursday, May 1st. This represents a $0.50 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, April 11th.

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 Stock Performance

Shares of NYSE:PMF traded up $0.13 during midday trading on Thursday, reaching $9.02. 71,770 shares of the company traded hands, compared to its average volume of 75,468. The firm’s fifty day moving average price is $9.06 and its two-hundred day moving average price is $9.38. PIMCO Municipal Income Fund has a 12 month low of $8.58 and a 12 month high of $10.50.

Insider Activity

In other news, major shareholder Of America Corp /De/ Bank acquired 24,110 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $9.02 per share, for a total transaction of $217,472.20. Following the completion of the transaction, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 25,505 shares of company stock worth $230,140 over the last ninety days.

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.