PCM Distribution History & Yield

PCM Fund Inc. · NYSE

Closed-end fund Financial Services Monthly payer Closed-end fundHigh yield
$5.27
-1.31% today
as of Sep 8, 2026
TTM yield
14.57%
$0.768/share over the last 12 months
Forward yield
14.57%
$0.768/share indicated annual rate
Annual distribution
$0.768
per share, forward
Per payment
$0.064
per share, every month
Frequency
Monthly
12 payments a year
Next ex-distribution date
Sep 11, 2026 Declared
in 3 days
Next pay date
Sep 25, 2026
in 17 days
Last ex-distribution date
Aug 13, 2026
$0.064 per share
Expense ratio
n/a
assets n/a
Consistency
100/100
very stable payouts
5y distribution CAGR
-4.4%
annualised, regular payments
Growth streak
0 yrs
no current streak
Years paying
32.7
since Dec 27, 1993
1y total return
-4.9%
price -17.0% + distributions 12.1%

Upcoming distribution payments

Ex-datePay datePer sharePer 100 sharesStatus
Fri, Sep 11, 2026 (in 3 days) Sep 25, 2026 $0.064 $6.40 Declared
Mon, Oct 12, 2026 (in 34 days) Oct 26, 2026 $0.064 $6.40 Estimated
Thu, Nov 12, 2026 (in 65 days) Nov 26, 2026 $0.064 $6.40 Estimated
Sun, Dec 13, 2026 (in 96 days) Dec 27, 2026 $0.064 $6.40 Estimated
Wed, Jan 13, 2027 (in 127 days) Jan 27, 2027 $0.064 $6.40 Estimated
Sat, Feb 13, 2027 (in 158 days) Feb 27, 2027 $0.064 $6.40 Estimated
Tue, Mar 16, 2027 (in 189 days) Mar 30, 2027 $0.064 $6.40 Estimated
Fri, Apr 16, 2027 (in 220 days) Apr 30, 2027 $0.064 $6.40 Estimated
Mon, May 17, 2027 (in 251 days) May 31, 2027 $0.064 $6.40 Estimated
Thu, Jun 17, 2027 (in 282 days) Jul 1, 2027 $0.064 $6.40 Estimated
Sun, Jul 18, 2027 (in 313 days) Aug 1, 2027 $0.064 $6.40 Estimated
Wed, Aug 18, 2027 (in 344 days) Sep 1, 2027 $0.064 $6.40 Estimated

Estimated dates and amounts are projected from PCM's recent payment pattern and will be replaced by declared figures when the fund announces them. Total over the next 12 months: about $0.768 per share.

Distribution payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from May 10, 2023 to Aug 13, 2026; most recent $0.064$0.00$0.05$0.10May 10, 2023: $0.08May '23Jun 9, 2023: $0.08Jul 12, 2023: $0.08Aug 10, 2023: $0.08Sep 8, 2023: $0.08Oct 11, 2023: $0.08Oct '23Nov 10, 2023: $0.08Dec 8, 2023: $0.08Jan 11, 2024: $0.08Feb 9, 2024: $0.08Mar 8, 2024: $0.08Mar '24Apr 10, 2024: $0.08May 10, 2024: $0.08Jun 13, 2024: $0.08Jul 11, 2024: $0.08Aug 12, 2024: $0.08Aug '24Sep 13, 2024: $0.08Oct 11, 2024: $0.08Nov 12, 2024: $0.08Dec 12, 2024: $0.08Jan 13, 2025: $0.064Jan '25Feb 13, 2025: $0.064Mar 13, 2025: $0.064Apr 11, 2025: $0.064May 12, 2025: $0.064Jun 12, 2025: $0.064Jun '25Jul 11, 2025: $0.064Aug 11, 2025: $0.064Sep 12, 2025: $0.064Oct 14, 2025: $0.064Nov 14, 2025: $0.064Nov '25Dec 11, 2025: $0.064Jan 13, 2026: $0.064Feb 12, 2026: $0.064Mar 12, 2026: $0.064Apr 13, 2026: $0.064Apr '26May 11, 2026: $0.064Jun 11, 2026: $0.064Jul 13, 2026: $0.064Aug 13, 2026: $0.064

Annual distributions per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$0.60$1.202017: $0.98$0.9820172018: $0.96$0.9620182019: $0.96$0.9620192020: $0.96$0.9620202021: $0.96$0.9620212022: $0.88$0.8820222023: $0.96$0.9620232024: $0.96$0.9620242025: $0.768$0.76820252026 (YTD): $0.512$0.5122026 YTD

How much PCM do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month1,563$8,234$1,200
$500 / month7,813$41,172$6,000
$1,000 / month15,625$82,344$12,000

Based on the forward yield of 14.57%. $10,000 in PCM would currently pay about $1,457 a year ($121 a month on average). Model reinvestment and growth →

PCM distribution history

Show all 394 payments
Ex-datePay dateAmountChange
Aug 13, 2026 $0.064 +0.0%
Jul 13, 2026 $0.064 +0.0%
Jun 11, 2026 $0.064 +0.0%
May 11, 2026 $0.064 +0.0%
Apr 13, 2026 $0.064 +0.0%
Mar 12, 2026 $0.064 +0.0%
Feb 12, 2026 $0.064 +0.0%
Jan 13, 2026 $0.064 +0.0%
Dec 11, 2025 $0.064 +0.0%
Nov 14, 2025 $0.064 +0.0%
Oct 14, 2025 $0.064 +0.0%
Sep 12, 2025 $0.064 +0.0%
Aug 11, 2025 $0.064 +0.0%
Jul 11, 2025 $0.064 +0.0%
Jun 12, 2025 $0.064 +0.0%
May 12, 2025 $0.064 +0.0%
Apr 11, 2025 $0.064 +0.0%
Mar 13, 2025 $0.064 +0.0%
Feb 13, 2025 $0.064 +0.0%
Jan 13, 2025 $0.064 -20.0%
Dec 12, 2024 $0.08 +0.0%
Nov 12, 2024 $0.08 +0.0%
Oct 11, 2024 $0.08 +0.0%
Sep 13, 2024 $0.08 +0.0%

Payout risk check

Distribution stabilityElevated risk

PCM's last 12 distributions were very stable (consistency score 100/100).

Its share price moved -17.0% over the past year.

A 14.6% yield paired with a falling share price is the classic sign of NAV erosion: part of each distribution may be a return of your own capital rather than income the fund earned, and the share price can keep grinding lower even while the headline yield looks attractive.

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About PCM Fund Inc.

PCM Fund Inc. is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities. It employs fundamental analysis with a focus on top down stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Barclay's CMBS Investment Grade Index. PCM Fund Inc was formed on September 2, 1993 and is domiciled in the United States.

First distribution on our records: Dec 27, 1993. 394 payments tracked.

PCM distribution FAQ

When is PCM's next ex-distribution date?

PCM's next ex-distribution date is Sep 11, 2026 (in 3 days, declared by the fund). You must own the shares before that date to receive the payment of about $0.064 per share, expected on Sep 25, 2026.

How often does PCM pay distributions?

PCM pays distributions every month, 12 times a year. The most recent payment was $0.064 per share with an ex-date of Aug 13, 2026.

What is PCM's distribution yield?

PCM's trailing 12-month distribution yield is 14.57%, based on $0.768 per share paid over the last year and a share price of $5.27. The forward yield, using the indicated annual rate of $0.768 per share, is 14.57%.

How much does PCM pay per share?

PCM pays about $0.064 per share each month, which works out to roughly $0.768 per share a year. 100 shares would collect about $76.80 a year.

Has PCM grown or cut its distribution?

Over the last 5 years the regular payout has shrunk at 4.4% a year (-7.7% over the last year). There has been no cut to a regular payment in the last 5 years. As a fund, PCM's distributions vary with the income its holdings generate, so payouts are not designed to rise every year the way a dividend-growth stock's are.

How many shares of PCM do I need to earn $100 a month?

At the current forward yield of 14.57%, you would need about 1,563 shares of PCM (roughly $8,234 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every month, so the monthly figure is an average.

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