PIMCO California Municipal Income Fund II (NYSE:PCK) Plans Dividend Increase – $0.02 Per Share

PIMCO California Municipal Income Fund II (NYSE:PCK) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.022 per share by the closed-end fund on Monday, June 3rd. This represents a $0.26 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Friday, May 10th. This is a positive change from PIMCO California Municipal Income Fund II’s previous monthly dividend of $0.02.

PIMCO California Municipal Income Fund II has decreased its dividend payment by an average of 12.4% per year over the last three years.

PIMCO California Municipal Income Fund II Stock Up 0.9 %

Shares of PIMCO California Municipal Income Fund II stock opened at $5.89 on Wednesday. The firm’s 50 day moving average price is $5.75 and its 200-day moving average price is $5.67. PIMCO California Municipal Income Fund II has a 52-week low of $4.85 and a 52-week high of $6.17.

PIMCO California Municipal Income Fund II Company Profile

PIMCO California Municipal Income Fund II 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 United States. It seeks to invest in stocks of companies operating across diversified sectors.