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

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Monday, April 1st, investing.com reports. Shareholders of record on Thursday, April 11th will be paid a dividend of 0.042 per share by the financial services provider on Wednesday, May 1st. This represents a $0.50 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Wednesday, April 10th.

PIMCO Municipal Income Fund Stock Performance

Shares of PIMCO Municipal Income Fund stock opened at $9.12 on Tuesday. The stock’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $9.06. PIMCO Municipal Income Fund has a 52 week low of $7.69 and a 52 week high of $10.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PMF. Royal Bank of Canada raised its position in shares of PIMCO Municipal Income Fund by 1.2% during the second quarter. Royal Bank of Canada now owns 134,401 shares of the financial services provider’s stock valued at $1,382,000 after buying an additional 1,583 shares during the last quarter. Cetera Investment Advisers increased its holdings in PIMCO Municipal Income Fund by 12.9% in the 1st quarter. Cetera Investment Advisers now owns 17,786 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 2,031 shares during the last quarter. Raymond James & Associates increased its holdings in PIMCO Municipal Income Fund by 13.0% in the 4th quarter. Raymond James & Associates now owns 18,181 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 2,087 shares during the last quarter. Stifel Financial Corp lifted its stake in PIMCO Municipal Income Fund by 21.4% in the 3rd quarter. Stifel Financial Corp now owns 14,169 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,500 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of PIMCO Municipal Income Fund by 159.9% during the 4th quarter. US Bancorp DE now owns 5,315 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 3,270 shares during the last quarter.

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.