Pimco CA Muni. Income Fund III (PZC) Announces Monthly Dividend of $0.05
Pimco CA Muni. Income Fund III (NYSE:PZC) announced a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Shareholders of record on Friday, August 11th will be paid a dividend of 0.045 per share by the investment management company on Friday, September 1st. This represents a $0.54 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Wednesday, August 9th.
Pimco CA Muni. Income Fund III has decreased its dividend payment by an average of 2.9% annually over the last three years.
Shares of Pimco CA Muni. Income Fund III (PZC) opened at 10.94 on Tuesday. The firm’s 50-day moving average price is $11.67 and its 200 day moving average price is $11.93. Pimco CA Muni. Income Fund III has a 12 month low of $10.67 and a 12 month high of $13.11.
Pimco CA Muni. Income Fund III Company Profile
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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