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 Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.036 per share by the investment management company on Tuesday, April 1st. This represents a $0.43 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, March 13th.

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

PIMCO California Municipal Income Fund Price Performance

Shares of NYSE:PCQ traded down $0.05 during midday trading on Tuesday, reaching $9.19. The company had a trading volume of 82,835 shares, compared to its average volume of 64,025. The company’s 50 day moving average price is $9.08 and its 200 day moving average price is $9.51. PIMCO California Municipal Income Fund has a 52-week low of $8.74 and a 52-week high of $10.24.

PIMCO California Municipal Income Fund Company Profile

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.