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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.036 per share by the investment management company on Thursday, August 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, July 11th.

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

PIMCO California Municipal Income Fund Trading Down 0.4 %

Shares of PIMCO California Municipal Income Fund stock opened at $9.37 on Wednesday. The stock has a 50 day moving average price of $9.32 and a 200-day moving average price of $9.33. PIMCO California Municipal Income Fund has a one year low of $8.19 and a one year high of $10.50.

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.