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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.036 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, June 11th.

PIMCO California Municipal Income Fund Trading Up 0.3%

Shares of NYSE PCQ opened at $8.88 on Tuesday. The company’s 50-day simple moving average is $8.71 and its 200-day simple moving average is $8.82. PIMCO California Municipal Income Fund has a 52-week low of $8.16 and a 52-week high of $9.19.

PIMCO California Municipal Income Fund Company Profile

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.