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 Tuesday, September 1st. Stockholders of record on Friday, September 11th will be given a dividend of 0.036 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, September 11th.

PIMCO California Municipal Income Fund Stock Performance

Shares of PCQ stock opened at $8.60 on Wednesday. The firm’s 50 day moving average price is $8.79 and its 200-day moving average price is $8.80. PIMCO California Municipal Income Fund has a one year low of $8.23 and a one year high of $9.19.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in shares of PIMCO California Municipal Income Fund by 8.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 136,497 shares of the investment management company’s stock valued at $1,192,000 after buying an additional 10,366 shares during the period. Riverbridge Partners LLC boosted its holdings in PIMCO California Municipal Income Fund by 10.8% during the 1st quarter. Riverbridge Partners LLC now owns 161,861 shares of the investment management company’s stock valued at $1,389,000 after acquiring an additional 15,744 shares during the period. Sit Investment Associates Inc. boosted its holdings in PIMCO California Municipal Income Fund by 28.7% during the 4th quarter. Sit Investment Associates Inc. now owns 391,540 shares of the investment management company’s stock valued at $3,418,000 after acquiring an additional 87,303 shares during the period. Financially in Tune LLC acquired a new position in PIMCO California Municipal Income Fund in the 4th quarter valued at about $262,000. Finally, Ackerman Capital Advisors LLC boosted its stake in shares of PIMCO California Municipal Income Fund by 36.6% in the fourth quarter. Ackerman Capital Advisors LLC now owns 60,251 shares of the investment management company’s stock valued at $526,000 after purchasing an additional 16,134 shares during the period.

About PIMCO California Municipal Income Fund

PIMCO California Municipal Income Fund (NYSE: PCQ) is a closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by entities within the State of California, with an emphasis on credit quality and income generation. Its strategy is designed to appeal to investors seeking tax-advantaged yields alongside professional portfolio management.

The fund generally allocates at least 80% of its total assets to municipal securities that are of investment grade or higher, covering a broad spectrum of sectors such as transportation, utilities, education, health care and local government obligations.