PIMCO California Municipal Income Fund (NYSE:PCQ) Declares $0.04 Monthly Dividend

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be given a dividend of 0.036 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, July 13th.

PIMCO California Municipal Income Fund Price Performance

PIMCO California Municipal Income Fund stock opened at $8.98 on Thursday. PIMCO California Municipal Income Fund has a 12 month low of $8.16 and a 12 month high of $9.19. The stock has a fifty day simple moving average of $8.81 and a two-hundred day simple moving average of $8.83.

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.