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

by · The Markets Daily

PIMCO California Municipal Income Fund (NYSE:PCQ – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be paid a dividend of 0.036 per share by the investment management company on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, July 13th.

PIMCO California Municipal Income Fund Trading Up 0.2%

Shares of PCQ opened at $8.98 on Thursday. PIMCO California Municipal Income Fund has a 52 week low of $8.16 and a 52 week high of $9.19. The stock has a 50 day moving average of $8.81 and a 200-day moving average of $8.83.

PIMCO California Municipal Income Fund Company Profile

(Get Free Report)

PIMCO California Municipal Income Fund (NYSE: PCQ) is a closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by entities within the State of California, with an emphasis on credit quality and income generation. Its strategy is designed to appeal to investors seeking tax-advantaged yields alongside professional portfolio management.

The fund generally allocates at least 80% of its total assets to municipal securities that are of investment grade or higher, covering a broad spectrum of sectors such as transportation, utilities, education, health care and local government obligations.

Further Reading