PIMCO California Municipal Income Fund III (NYSE:PZC) Declares $0.03 Monthly Dividend

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Investors of record on Monday, January 13th will be paid a dividend of 0.0295 per share by the investment management company on Monday, February 3rd. This represents a $0.35 annualized dividend and a yield of 5.14%. The ex-dividend date is Monday, January 13th.

PIMCO California Municipal Income Fund III has decreased its dividend payment by an average of 8.1% annually over the last three years.

PIMCO California Municipal Income Fund III Price Performance

Shares of NYSE:PZC traded up $0.01 during midday trading on Friday, hitting $6.89. The company had a trading volume of 73,171 shares, compared to its average volume of 52,485. The business’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $7.24. PIMCO California Municipal Income Fund III has a twelve month low of $6.72 and a twelve month high of $7.90.

About PIMCO California Municipal Income Fund III

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