Pimco CA Muni. Income Fund III (PZC) Plans $0.05 Monthly Dividend
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.
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