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

PIMCO California Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.036 per share by the investment management company on Monday, June 3rd. This represents a $0.43 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, May 10th.

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

PIMCO California Municipal Income Fund Price Performance

NYSE PCQ opened at $9.45 on Thursday. The business’s 50 day moving average price is $9.29 and its 200-day moving average price is $9.24. PIMCO California Municipal Income Fund has a fifty-two week low of $8.19 and a fifty-two week high of $10.50.

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.