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

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be paid 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 yield of 5.59%. The ex-dividend date is Friday, April 11th.

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

PIMCO Municipal Income Fund Trading Up 1.4 %

NYSE:PMF opened at $9.02 on Friday. 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 one year low of $8.58 and a one year high of $10.50.

Insider Activity at PIMCO Municipal Income Fund

In other news, major shareholder Of America Corp /De/ Bank purchased 24,110 shares of PIMCO Municipal Income Fund stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $9.02 per share, for a total transaction of $217,472.20. Following the purchase, the insider now directly owns 24,110 shares of the company’s stock, valued at $217,472.20. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 25,505 shares of company stock worth $230,140.

About PIMCO Municipal Income Fund

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.