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.

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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.

Dividend History for Pimco CA Muni. Income Fund II (NYSE:PCK)

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