PIMCO California Municipal Income Fund III (NYSE:PZC) to Issue Monthly Dividend of $0.03

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Stockholders of record on Thursday, June 12th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, June 12th.

PIMCO California Municipal Income Fund III Price Performance

NYSE PZC opened at $6.20 on Thursday. PIMCO California Municipal Income Fund III has a 52-week low of $6.02 and a 52-week high of $7.65. The business has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $6.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in PIMCO California Municipal Income Fund III stock. Baird Financial Group Inc. purchased a new position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,928 shares of the investment management company’s stock, valued at approximately $228,000.

PIMCO California Municipal Income Fund III Company Profile

PIMCO California Municipal Income Fund III 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. It seeks to invest in stocks of companies operating across diversified sectors.