PIMCO California Municipal Income Fund II to Issue Monthly Dividend of $0.04 (PCK)

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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About PIMCO California Municipal Income Fund II

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.

Dividend History for PIMCO California Municipal Income Fund II (NYSE:PCK)

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