PIMCO California Municipal Income Fund (NYSE:PCQ – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.81 and traded as low as $8.73. PIMCO California Municipal Income Fund shares last traded at $8.7430, with a volume of 142,678 shares changing hands.
PIMCO California Municipal Income Fund Trading Up 0.3%
The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.81.
PIMCO California Municipal Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a dividend of $0.036 per share. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 13th.
Institutional Inflows and Outflows
About PIMCO California Municipal Income Fund
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.
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