Pimco CA Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Thursday, September 7th, Wall Street Journal reports. Shareholders of record on Monday, September 11th will be given a dividend of 0.077 per share by the investment management company on Monday, October 2nd. This represents a $0.92 annualized dividend and a yield of 5.40%. The ex-dividend date is Friday, September 8th.
Pimco CA Municipal Income Fund has decreased its dividend by an average of 2.9% annually over the last three years.
Shares of Pimco CA Municipal Income Fund (NYSE PCQ) opened at 17.12 on Thursday. Pimco CA Municipal Income Fund has a 12-month low of $14.75 and a 12-month high of $17.49. The firm has a 50-day moving average price of $17.05 and a 200 day moving average price of $16.74.
About Pimco CA Municipal Income Fund
PIMCO California Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal and California income tax.
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