PIMCO California Municipal Income Fund (PCQ) to Issue Monthly Dividend of $0.04 on March 2nd

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Monday, February 2nd. Investors of record on Thursday, February 12th will be given a dividend of 0.036 per share by the investment management company on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, February 12th.

PIMCO California Municipal Income Fund Stock Performance

Shares of PCQ opened at $9.11 on Tuesday. The company’s fifty day simple moving average is $8.82 and its 200 day simple moving average is $8.69. PIMCO California Municipal Income Fund has a 1-year low of $8.13 and a 1-year high of $9.36.

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.