Pimco CA Municipal Income Fund to Issue Monthly Dividend of $0.08 (PCQ)
Pimco CA Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.077 per share by the investment management company on Thursday, March 1st. This represents a $0.92 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend is Friday, February 9th.
Pimco CA Municipal Income Fund has increased its dividend by an average of 2.9% annually over the last three years.
Shares of Pimco CA Municipal Income Fund (NYSE PCQ) traded down $0.16 during mid-day trading on Friday, reaching $15.89. 94,600 shares of the company’s stock traded hands, compared to its average volume of 65,542. Pimco CA Municipal Income Fund has a one year low of $15.77 and a one 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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