PCM Fund Inc.
PCMFinancial Services · Asset Management · Stock · monthly payer
Forward Yield
15.70%
Annual Dividend
$0.77
Payout Ratio
203%
5-Yr Growth
-4.4%
Ex-Date
Oct 13, 2026
Frequency
Monthly
Key facts about PCM's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, PCM Fund Inc. (PCM) has a forward dividend yield of 15.70%, based on an annual dividend of $0.77 per share and a share price of $4.91.
- As of Oct 27, 2026, PCM's dividend safety grade from SmarterDividends is C (51 out of 100), which rates the dividend as borderline.
- PCM last cut its regular dividend in 2025.
- PCM's most recent ex-dividend date was Oct 13, 2026, for a dividend of $0.0640 per share.
- As of Oct 27, 2026, PCM pays out 203% of its trailing 12-month earnings as dividends (its payout ratio).
- PCM's dividend has shrunk at an average rate of 4.4% a year over the past five years.
- As of Oct 27, 2026, PCM's 15.70% yield is 49% above its five-year average yield of 10.54%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for PCM is $8.11 per share, 65% above the $4.91 share price, so PCM screens as undervalued.
- PCM Fund Inc. (PCM) pays its dividend monthly, 12 times a year.
- PCM Fund Inc. (PCM) has raised its regular dividend 8 times and cut it 10 times across the 396 payments on record since 1993. Its most recent change was a 20.0% cut to $0.0640 per share, going ex-dividend on Jan 13, 2025.
Cite this page
SmarterDividends, "PCM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/PCM
Summary
As of Oct 27, 2026, PCM Fund Inc. (PCM) yields 15.70% ($0.77 a year per share) and has a dividend safety grade of C (51/100).
Is PCM a good dividend stock?
MixedPCM Fund Inc. (PCM) pays a monthly dividend yielding 15.70% ($0.77/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2025
- Elevated payout ratio (203%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 15.70%
- Payout Ratio
- 203%
- Annual Dividend
- $0.77
- 5-Yr Avg Growth
- -4.4%
- Ex-Dividend Date
- Oct 13, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.52
- Market Cap
- $60.9M
- P/E Ratio
- 12.9
- 5-Yr Total Return
- -56%
- 52-Week Range
- $4.83 – $6.39
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2025)
PCM dividend raises and cuts
PCM Fund Inc. (PCM) has raised its regular dividend 8 times and cut it 10 times across the 396 payments on record since 1993. Its most recent change was a 20.0% cut to $0.0640 per share, going ex-dividend on Jan 13, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 13, 2025 | Cut | $0.0800 → $0.0640 | −20.0% |
| Jul 8, 2010 | Raise | $0.0700 → $0.0800 | +14.3% |
| Mar 28, 2007 | Cut | $0.0940 → $0.0700 | −25.5% |
| Dec 29, 2004 | Raise | $0.0930 → $0.0940 | +1.1% |
| Aug 27, 2003 | Cut | $0.0940 → $0.0930 | −1.1% |
| Jul 29, 2003 | Raise | $0.0930 → $0.0940 | +1.1% |
| Jun 26, 2003 | Cut | $0.0940 → $0.0930 | −1.1% |
| May 28, 2003 | Raise | $0.0930 → $0.0940 | +1.1% |
| Aug 28, 2002 | Cut | $0.0940 → $0.0930 | −1.1% |
| Jul 29, 2002 | Raise | $0.0930 → $0.0940 | +1.1% |
| Mar 26, 2002 | Cut | $0.0940 → $0.0930 | −1.1% |
| Jul 28, 1999 | Cut | $0.0950 → $0.0940 | −1.1% |
Show all 18 changes since 1994
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 28, 1999 | Raise | $0.0940 → $0.0950 | +1.1% |
| Oct 27, 1995 | Raise | $0.0930 → $0.0940 | +1.1% |
| Sep 27, 1995 | Cut | $0.0940 → $0.0930 | −1.1% |
| Feb 22, 1995 | Cut | $0.0970 → $0.0940 | −3.1% |
| Jan 25, 1995 | Cut | $0.282 → $0.0970 | −65.6% |
| Jun 24, 1994 | Raise | $0.250 → $0.282 | +12.8% |
Frequently Asked Questions
Is PCM a good dividend stock?
Mixed. PCM Fund Inc. (PCM) pays a monthly dividend yielding 15.70% ($0.77/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is PCM undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PCM's fair value is about $8.11 versus a $4.91 share price — so it looks undervalued (+65% vs. fair value).
Is PCM's dividend safe?
PCM has a dividend-safety grade of C (51/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.
What is PCM's fair value?
Our blended fair-value estimate for PCM is about $8.11 per share, roughly 65% above the current $4.91 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PCM a buy, hold, or sell?
We don't issue formal ratings, but on the data PCM screens as "mixed" and undervalued. PCM Fund Inc. (PCM) pays a monthly dividend yielding 15.70% ($0.77/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will PCM cut its dividend?
PCM earns a dividend-safety grade of C (51/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PCM pay a dividend?
Yes. PCM Fund Inc. pays a monthly dividend of about $0.77 per share annually, a forward yield of roughly 15.70%.
What is PCM's dividend yield?
As of Oct 27, 2026, PCM's forward dividend yield is 15.70%, based on a $0.77 annual dividend and a $4.91 share price.
What is PCM's dividend per share?
As of Oct 27, 2026, PCM pays $0.77 per share per year, distributed on a monthly basis.
What is PCM's dividend payout ratio?
As of Oct 27, 2026, PCM's payout ratio is 203% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has PCM grown its dividend?
PCM does not currently have a long dividend-growth streak on record.
When is the next PCM ex-dividend date?
As of Oct 27, 2026, PCM's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $0.0640 per share.
PCM Price — Last 12 Months
Daily close
Price Return
1 Year
-21%
3 Years
-37%
5 Years
-56%
52-Week Range
$4.83 – $6.39
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PCM worth?
Undervaluedlow confidenceOur blended fair-value estimate for PCM Fund Inc. is $8.11 per share, versus a market price of $4.91. That implies 65% of upside — a margin of safety of about 39%.
Fair Value
$8.11
Current Price
$4.91
Upside
+65%
Margin of Safety
39%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $0.38 EPS, $0.77 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PCM Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PCM dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 13, 2026 | Nov 2, 2026 | $0.0640 | regular |
| Sep 11, 2026 | Oct 1, 2026 | $0.0640 | regular |
| Aug 13, 2026 | Sep 1, 2026 | $0.0640 | regular |
| Jul 13, 2026 | Aug 3, 2026 | $0.0640 | regular |
| Jun 11, 2026 | Jul 1, 2026 | $0.0640 | regular |
| May 11, 2026 | Jun 1, 2026 | $0.0640 | regular |
| Apr 13, 2026 | May 1, 2026 | $0.0640 | regular |
| Mar 12, 2026 | Apr 1, 2026 | $0.0640 | regular |
| Feb 12, 2026 | Mar 2, 2026 | $0.0640 | regular |
| Jan 13, 2026 | Feb 2, 2026 | $0.0640 | regular |
| Dec 11, 2025 | Jan 2, 2026 | $0.0640 | regular |
| Nov 14, 2025 | Dec 1, 2025 | $0.0640 | regular |
| Oct 14, 2025 | Nov 3, 2025 | $0.0640 | regular |
| Sep 12, 2025 | Oct 1, 2025 | $0.0640 | regular |
Income Calculator
At $0.77 / yr per share
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