PCM Fund dividend record and yield, shares in a high-income niche

PCM Fund Inc, a closed-end PIMCO vehicle listed on the NYSE, offers one of the higher distribution rates in the taxable income space. With a long-running monthly payout and a niche mortgage focus, the fund continues to appeal to income-oriented investors.

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-25, 19:01.

PCM Fund Inc (US7049151037) continues to trade as a small but established closed-end fund under the PIMCO umbrella. The fund is listed on the NYSE and targets high current income from mortgage-related and other income-producing securities, according to its sponsor.

What recent filings show

PIMCO describes PCM Fund Inc as a closed-end management investment company that seeks high current income, with capital appreciation as a secondary objective, primarily through investments in mortgage-related assets and other income-producing securities. The PIMCO fund page for PCM outlines this mandate and highlights the focus on a diversified portfolio of mortgage-backed securities and related instruments.

As a closed-end fund, PCM has a fixed share count and its shares trade intraday on the NYSE, often at a premium or discount to net asset value, a structure that differs from open-end mutual funds and ETFs. This structure can lead to price moves driven not only by underlying bond performance but also by investor sentiment and liquidity conditions in US credit markets.

Income profile and yield context

PCM Fund Inc pays distributions monthly, a pattern that has been in place for many years under PIMCO management. Publicly available CEF data providers currently show a distribution yield in the high-single to low-double-digit range, reflecting the fund’s use of mortgage-related credit exposure and, typically, financial leverage to enhance income from its portfolio.

Within the US closed-end fund universe, PCM competes with other income-focused PIMCO vehicles such as PIMCO Corporate & Income Opportunity Fund and with peers in the broader taxable income and mortgage CEF segment. Independent analysts on CEF research platforms track metrics such as discount or premium to net asset value, distribution coverage and leverage costs to assess the sustainability of yields in this part of the market. CEF-focused data sources regularly report these figures for PCM and its peer group.

The product behind the fund

PCM Fund Inc generates income mainly from a portfolio of mortgage-related and other income-producing securities, including agency and non-agency mortgage-backed bonds, asset-backed securities and related credit instruments. PIMCO manages duration, credit risk and leverage to align the portfolio with its income and capital appreciation objectives.

Where the stock trades today

PCM Fund Inc shares trade on the NYSE in US dollars as a closed-end fund under the PIMCO brand, with pricing driven by both the underlying portfolio and the discount or premium to net asset value that investors are willing to pay.

PCM Fund Inc at a glance

• Company: PCM Fund Inc
• ISIN: US7049151037
• WKN: 885632
• Ticker: PCM
• Trading venue: NYSE
• Price (as of 2026-06-25, 16:00): 7.80 USD
• Market cap: 140 million USD (as of 2026-06-25)
• Sector / industry: Financials - Closed-End Fund
• Index membership: not a member of major headline indices such as the S&P 500 or NASDAQ-100
• Next earnings date: not officially scheduled

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.