Pimco CA Municipal Income Fund (PCQ) Plans Monthly Dividend of $0.08
Pimco CA Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Monday, November 13th will be given a dividend of 0.077 per share by the investment management company on Friday, December 1st. This represents a $0.92 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Friday, November 10th.
Pimco CA Municipal Income Fund has decreased its dividend payment by an average of 2.9% per year over the last three years.
Pimco CA Municipal Income Fund (NYSE:PCQ) traded down $0.01 during midday trading on Friday, reaching $17.13. The company’s stock had a trading volume of 40,658 shares.
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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