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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.036 per share by the investment management company on Monday, February 3rd. This represents a $0.43 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Monday, January 13th.

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 Price Performance

Shares of NYSE PCQ traded up $0.05 during mid-day trading on Friday, reaching $9.21. The company’s stock had a trading volume of 45,927 shares, compared to its average volume of 56,263. PIMCO California Municipal Income Fund has a 1-year low of $8.75 and a 1-year high of $10.24. The stock has a 50-day moving average of $9.54 and a two-hundred day moving average of $9.61.

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.