Pimco CA Muni. Income Fund II (PCK) Increases Dividend to $0.05 Per Share
Pimco CA Muni. Income Fund II (NYSE:PCK) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.0473 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.57 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Pimco CA Muni. Income Fund II’s previous monthly dividend of $0.05.
Pimco CA Muni. Income Fund II has decreased its dividend payment by an average of 9.3% per year over the last three years.
Pimco CA Muni. Income Fund II (NYSE:PCK) traded up 0.30% during midday trading on Tuesday, reaching $10.14. The company’s stock had a trading volume of 33,338 shares. The company’s 50-day moving average is $10.17 and its 200 day moving average is $10.09. Pimco CA Muni. Income Fund II has a 12-month low of $9.05 and a 12-month high of $10.72.
About Pimco CA Muni. Income Fund II
PIMCO California Municipal Income Fund II (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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