Pimco CA Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.077 per share by the investment management company on Tuesday, January 2nd. This represents a $0.92 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Friday, December 8th.
Pimco CA Municipal Income Fund has decreased its dividend by an average of 2.9% per year over the last three years.
Pimco CA Municipal Income Fund (NYSE PCQ) traded up $0.01 on Friday, hitting $17.28. The company’s stock had a trading volume of 65,840 shares, compared to its average volume of 36,452. Pimco CA Municipal Income Fund has a 1 year low of $15.41 and a 1 year high of $17.89.
Pimco CA Municipal Income Fund Company Profile
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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