PIMCO California Municipal Income Fund III (NYSE:PZC) Plans Monthly Dividend of $0.03

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, April 1st. This represents a $0.35 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, March 13th.

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

PIMCO California Municipal Income Fund III Price Performance

NYSE PZC traded down $0.08 on Tuesday, reaching $6.81. 88,107 shares of the stock were exchanged, compared to its average volume of 73,451. PIMCO California Municipal Income Fund III has a one year low of $6.60 and a one year high of $7.87. The company’s 50-day simple moving average is $6.80 and its two-hundred day simple moving average is $7.11.

About PIMCO California Municipal Income Fund III

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.