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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 12th will be given a dividend of 0.036 per share by the investment management company on Tuesday, September 3rd. This represents a $0.43 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Monday, August 12th.

PIMCO California Municipal Income Fund has decreased its dividend payment by an average of 17.9% per year over the last three years.

PIMCO California Municipal Income Fund Stock Up 0.5 %

PCQ traded up $0.05 on Friday, hitting $9.54. 101,922 shares of the company traded hands, compared to its average volume of 57,777. The company has a 50 day moving average of $9.35 and a 200-day moving average of $9.34. PIMCO California Municipal Income Fund has a 12-month low of $8.19 and a 12-month high of $10.15.

About PIMCO California Municipal Income Fund

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.