Somewhat Favorable News Coverage Somewhat Unlikely to Impact Pimco CA Municipal Income Fund (PCQ) Stock Price
News headlines about Pimco CA Municipal Income Fund (NYSE:PCQ) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pimco CA Municipal Income Fund earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.5444232637074 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Pimco CA Municipal Income Fund (NYSE PCQ) traded down $0.04 during mid-day trading on Friday, hitting $17.11. 36,329 shares of the stock traded hands, compared to its average volume of 35,659. Pimco CA Municipal Income Fund has a fifty-two week low of $14.92 and a fifty-two week high of $17.49.
The company also recently announced a monthly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were paid a $0.077 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 5.40%.
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Pimco CA Municipal Income Fund Company Profile
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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