Pimco CA Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Investors of record on Monday, March 12th will be paid a dividend of 0.077 per share by the investment management company on Monday, April 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Friday, March 9th.
Pimco CA Municipal Income Fund has raised its dividend by an average of 2.9% per year over the last three years.
Pimco CA Municipal Income Fund (PCQ) traded down $0.02 on Friday, reaching $14.72. 27,190 shares of the company’s stock were exchanged, compared to its average volume of 79,640. Pimco CA Municipal Income Fund has a twelve month low of $14.43 and a twelve month high of $17.89.
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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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