Shares of PIMCO California Municipal Income Fund III (NYSE:PZC – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.22 and traded as low as $6.95. PIMCO California Municipal Income Fund III shares last traded at $7.05, with a volume of 40,757 shares.
PIMCO California Municipal Income Fund III Price Performance
The firm’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $7.22.
PIMCO California Municipal Income Fund III Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.35 annualized dividend and a dividend yield of 5.06%.
Institutional Inflows and Outflows
About PIMCO California Municipal Income Fund III
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.
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