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

PIMCO California Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Monday, June 1st. Investors of record on Thursday, June 11th will be given 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 is Thursday, June 11th.

PIMCO California Municipal Income Fund Stock Up 0.3%

PCQ stock opened at $8.88 on Tuesday. PIMCO California Municipal Income Fund has a 52 week low of $8.16 and a 52 week high of $9.19. The firm’s fifty day moving average is $8.71 and its 200 day moving average is $8.82.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in PIMCO California Municipal Income Fund by 4.1% in the 4th quarter. Royal Bank of Canada now owns 38,821 shares of the investment management company’s stock worth $339,000 after buying an additional 1,545 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of PIMCO California Municipal Income Fund by 6.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 28,713 shares of the investment management company’s stock worth $251,000 after buying an additional 1,831 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. grew its position in shares of PIMCO California Municipal Income Fund by 1.1% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 221,201 shares of the investment management company’s stock worth $1,931,000 after buying an additional 2,458 shares during the last quarter. Evoke Wealth LLC grew its position in shares of PIMCO California Municipal Income Fund by 6.5% in the 4th quarter. Evoke Wealth LLC now owns 46,084 shares of the investment management company’s stock worth $404,000 after buying an additional 2,829 shares during the last quarter. Finally, Catalina Capital Group LLC grew its position in shares of PIMCO California Municipal Income Fund by 9.6% in the 4th quarter. Catalina Capital Group LLC now owns 32,684 shares of the investment management company’s stock worth $285,000 after buying an additional 2,859 shares during the last quarter.

About PIMCO California Municipal Income Fund

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.