Pimco CA Muni. Income Fund III (NYSE:PZC) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Friday, July 14th will be given a dividend of 0.045 per share by the investment management company on Tuesday, August 1st. This represents a $0.54 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Wednesday, July 12th.

Pimco CA Muni. Income Fund III has decreased its dividend by an average of 2.9% annually over the last three years.

Pimco CA Muni. Income Fund III (NYSE:PZC) traded down 9.01% during midday trading on Wednesday, reaching $11.51. The company’s stock had a trading volume of 559,167 shares. Pimco CA Muni. Income Fund III has a 1-year low of $10.67 and a 1-year high of $13.11. The firm has a 50 day moving average price of $12.54 and a 200 day moving average price of $11.96.

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About Pimco CA Muni. Income Fund III

PIMCO California Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal and California income tax.

Dividend History for Pimco CA Muni. Income Fund III (NYSE:PZC)

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