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

PIMCO California Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Thursday, March 13th will be given a dividend of 0.036 per share by the investment management company on Tuesday, April 1st. This represents a $0.43 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Thursday, March 13th.

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

PCQ stock traded down $0.05 during midday trading on Tuesday, hitting $9.19. 82,835 shares of the company’s stock were exchanged, compared to its average volume of 64,145. PIMCO California Municipal Income Fund has a 1-year low of $8.74 and a 1-year high of $10.24. The business has a 50-day simple moving average of $9.08 and a two-hundred day simple moving average of $9.51.

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.