PIMCO Municipal Income Fund (PMF) to Issue Monthly Dividend of $0.04 on July 24th

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Friday, July 11th will be given a dividend of 0.042 per share by the financial services provider on Thursday, July 24th. This represents a $0.50 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Friday, July 11th.

PIMCO Municipal Income Fund Stock Performance

NYSE PMF opened at $7.99 on Friday. PIMCO Municipal Income Fund has a 52 week low of $7.58 and a 52 week high of $10.50. The business has a 50 day moving average price of $8.00 and a 200-day moving average price of $8.54.

Insiders Place Their Bets

In other PIMCO Municipal Income Fund news, major shareholder Of America Corp /De/ Bank acquired 38,169 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of $7.95 per share, with a total value of $303,443.55. Following the completion of the transaction, the insider owned 38,169 shares in the company, valued at approximately $303,443.55. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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.