Pimco Municipal Income Fund (PMF) Receiving Somewhat Positive Press Coverage, Study Shows
News coverage about Pimco Municipal Income Fund (NYSE:PMF) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pimco Municipal Income Fund earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.0188309019095 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Pimco Municipal Income Fund (NYSE PMF) traded down 0.036% during mid-day trading on Friday, reaching $14.005. 12,690 shares of the company traded hands. The company’s 50-day moving average is $14.02 and its 200-day moving average is $13.63. Pimco Municipal Income Fund has a 12-month low of $12.74 and a 12-month high of $16.95.
The business also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be issued a dividend of $0.0597 per share. The ex-dividend date is Friday, September 8th. This represents a $0.72 annualized dividend and a dividend yield of 5.11%.
Pimco Municipal Income Fund Company Profile
PIMCO Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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