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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.036 per share by the investment management company on Tuesday, April 1st. This represents a $0.43 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, March 13th.

PIMCO California Municipal Income Fund has decreased its dividend payment by an average of 17.9% per year over the last three years.

PIMCO California Municipal Income Fund Trading Down 0.5 %

PCQ opened at $9.19 on Wednesday. The stock has a 50-day moving average price of $9.08 and a 200-day moving average price of $9.51. PIMCO California Municipal Income Fund has a 12-month low of $8.74 and a 12-month high of $10.24.

About PIMCO California Municipal Income Fund

PIMCO California 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 fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.