Pimco CA Muni. Income Fund III (NYSE:PZC) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Monday, December 11th will be paid a dividend of 0.045 per share by the investment management company on Tuesday, January 2nd. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, December 8th.
Pimco CA Muni. Income Fund III has decreased its dividend payment by an average of 2.9% per year over the last three years.
Shares of Pimco CA Muni. Income Fund III (NYSE PZC) traded up $0.01 on Monday, hitting $10.27. The stock had a trading volume of 66,836 shares, compared to its average volume of 56,287. Pimco CA Muni. Income Fund III has a one year low of $10.14 and a one year high of $12.97.
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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