Pimco CA Muni. Income Fund III (NYSE:PZC) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be paid a dividend of 0.045 per share by the investment management company on Thursday, February 1st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Thursday, January 11th.
Pimco CA Muni. Income Fund III has decreased its dividend 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 $0.02 on Wednesday, hitting $10.49. The company had a trading volume of 66,295 shares, compared to its average volume of 57,700. Pimco CA Muni. Income Fund III has a 12 month low of $10.14 and a 12 month 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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