Pimco CA Municipal Income Fund (PCQ) Plans Monthly Dividend of $0.08
Pimco CA Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.077 per share by the investment management company on Thursday, February 1st. This represents a $0.92 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, January 11th.
Pimco CA Municipal Income Fund has decreased its dividend payment by an average of 2.9% annually over the last three years.
Pimco CA Municipal Income Fund (NYSE:PCQ) traded up $0.09 during mid-day trading on Wednesday, reaching $17.39. 47,756 shares of the company’s stock were exchanged, compared to its average volume of 84,250. Pimco CA Municipal Income Fund has a 1 year low of $15.65 and a 1 year high of $17.89.
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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