PIMCO California Municipal Income Fund Plans Monthly Dividend of $0.04 (NYSE:PCQ)

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.036 per share by the investment management company on Monday, June 3rd. This represents a $0.43 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Friday, May 10th.

PIMCO California Municipal Income Fund has decreased its dividend by an average of 17.9% annually over the last three years.

PIMCO California Municipal Income Fund Price Performance

NYSE PCQ traded up $0.06 on Friday, reaching $9.27. 41,325 shares of the stock were exchanged, compared to its average volume of 61,582. PIMCO California Municipal Income Fund has a one year low of $8.19 and a one year high of $10.50. The company’s 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $9.21.

PIMCO California Municipal Income Fund Company Profile

PIMCO California Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.