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

PIMCO California Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of 0.036 per share by the investment management company on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, February 12th.

PIMCO California Municipal Income Fund Stock Up 0.1%

NYSE:PCQ traded up $0.01 on Tuesday, reaching $9.00. 13,294 shares of the company’s stock were exchanged, compared to its average volume of 134,310. The business has a fifty day moving average of $8.80 and a 200-day moving average of $8.67. PIMCO California Municipal Income Fund has a 52-week low of $8.13 and a 52-week high of $9.36.

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.