PIMCO California Municipal Income Fund II (NYSE:PCK) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be paid a dividend of 0.035 per share by the closed-end fund on Thursday, February 1st. This represents a $0.42 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, January 11th.
PIMCO California Municipal Income Fund II has decreased its dividend payment by an average of 9.3% annually over the last three years.
Shares of PIMCO California Municipal Income Fund II (NYSE PCK) traded down $0.27 during midday trading on Wednesday, reaching $9.92. The company’s stock had a trading volume of 552,946 shares, compared to its average volume of 370,150. PIMCO California Municipal Income Fund II has a 12-month low of $9.25 and a 12-month high of $10.42.
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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.
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