PIMCO California Municipal Income Fund III (NYSE:PZC) to Issue Monthly Dividend of $0.03

PIMCO California Municipal Income Fund III (NYSE:PZC) declared a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be given a dividend of 0.0295 per share by the investment management company on Tuesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Thursday, June 12th.

PIMCO California Municipal Income Fund III Stock Down 0.2%

PZC opened at $6.20 on Thursday. The firm’s fifty day moving average price is $6.31 and its 200 day moving average price is $6.66. PIMCO California Municipal Income Fund III has a 12-month low of $6.02 and a 12-month high of $7.65.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund III

A hedge fund recently bought a new stake in PIMCO California Municipal Income Fund III stock. Baird Financial Group Inc. purchased a new position in PIMCO California Municipal Income Fund III (NYSE:PZC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,928 shares of the investment management company’s stock, valued at approximately $228,000.

PIMCO California Municipal Income Fund III Company Profile

PIMCO California Municipal Income Fund III 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. It seeks to invest in stocks of companies operating across diversified sectors.