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

PIMCO California Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Friday, April 11th will be paid a dividend of 0.036 per share by the investment management company on Thursday, May 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Friday, April 11th.

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

PIMCO California Municipal Income Fund Trading Down 2.3 %

Shares of NYSE PCQ opened at $8.48 on Wednesday. PIMCO California Municipal Income Fund has a 52-week low of $8.43 and a 52-week high of $10.24. The firm’s fifty day moving average is $9.06 and its two-hundred day moving average is $9.37.

About PIMCO California Municipal Income Fund

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.