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

PIMCO California Municipal Income Fund (NYSE:PCQ – Get Free Report) declared a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be given a dividend of $0.0360 per share by the investment management company on Monday, November 2nd. This represents a $0.43 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, October 13th.

PIMCO California Municipal Income Fund Price Performance

PCQ opened at $7.71 on Friday. The business’s fifty day simple moving average is $8.48 and its 200 day simple moving average is $8.67. PIMCO California Municipal Income Fund has a 52 week low of $7.57 and a 52 week high of $9.19.

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PIMCO California Municipal Income Fund Company Profile

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PIMCO California Municipal Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol PCQ. The fund is managed by Pacific Investment Management Company LLC, commonly known as PIMCO, an investment management firm specializing in fixed-income and other asset classes.

The fund’s primary objective is to provide current income that is generally exempt from federal income tax and California state income tax. To pursue this objective, it invests principally in municipal bonds and other municipal obligations issued by or on behalf of California state and local governments, public agencies, and related entities.

Because its portfolio focuses on California municipal securities, the fund’s investments are concentrated geographically in California and may be affected by the financial condition of state and local governments, changes in tax laws, interest-rate movements, and developments in the municipal bond market.

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