Pimco CA Municipal Income Fund Declares Monthly Dividend of $0.08 (PCQ)
Pimco CA Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Shareholders of record on Monday, March 12th will be given a dividend of 0.077 per share by the investment management company on Monday, April 2nd. This represents a $0.92 annualized dividend and a yield of 6.18%. The ex-dividend date is Friday, March 9th.
Pimco CA Municipal Income Fund has raised its dividend by an average of 2.9% annually over the last three years.
Shares of Pimco CA Municipal Income Fund (NYSE PCQ) opened at $14.95 on Friday. Pimco CA Municipal Income Fund has a 52 week low of $14.43 and a 52 week high of $17.89.
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PIMCO California Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal and California income tax.
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