PIMCO California Municipal Income Fund III (NYSE:PZC) Raises Dividend to $0.03 Per Share

PIMCO California Municipal Income Fund III (NYSE:PZC) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.03 per share by the investment management company on Tuesday, September 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Monday, August 12th. This is an increase from PIMCO California Municipal Income Fund III’s previous monthly dividend of $0.03.

PIMCO California Municipal Income Fund III has decreased its dividend by an average of 8.1% annually over the last three years.

PIMCO California Municipal Income Fund III Stock Performance

NYSE PZC traded up $0.06 on Friday, reaching $7.37. The stock had a trading volume of 182,620 shares, compared to its average volume of 48,653. The business has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.32. PIMCO California Municipal Income Fund III has a 1 year low of $6.30 and a 1 year high of $7.96.

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.