Pimco CA Municipal Income Fund (PCQ) Announces Monthly Dividend of $0.08
Pimco CA Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Investors of record on Friday, July 14th will be paid a dividend of 0.077 per share by the investment management company on Tuesday, August 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Wednesday, July 12th.
Pimco CA Municipal Income Fund has decreased its dividend payment by an average of 2.9% per year over the last three years.
Shares of Pimco CA Municipal Income Fund (NYSE PCQ) traded down 0.94% during trading on Wednesday, hitting $16.85. 73,366 shares of the company were exchanged. The company’s 50-day moving average price is $16.87 and its 200 day moving average price is $16.33. Pimco CA Municipal Income Fund has a 12 month low of $14.75 and a 12 month high of $17.53.
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Pimco CA Municipal Income Fund Company Profile
PIMCO California Municipal Income Fund (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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