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 Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Friday, April 11th will be given a dividend of 0.036 per share by the investment management company on Thursday, May 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Friday, April 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 Up 1.1 %

PCQ traded up $0.10 on Thursday, reaching $9.05. The company’s stock had a trading volume of 171,220 shares, compared to its average volume of 64,126. PIMCO California Municipal Income Fund has a 1 year low of $8.74 and a 1 year high of $10.24. The business’s 50 day moving average is $9.08 and its 200 day moving average is $9.41.

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.