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

PIMCO California Municipal Income Fund (NYSE:PCQ) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Thursday, March 12th will be given a dividend of 0.036 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, March 12th.

PIMCO California Municipal Income Fund Price Performance

NYSE:PCQ opened at $8.87 on Tuesday. The business’s 50-day moving average is $8.96 and its two-hundred day moving average is $8.80. PIMCO California Municipal Income Fund has a 12 month low of $8.13 and a 12 month high of $9.19.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of PIMCO California Municipal Income Fund during the third quarter worth about $27,000. Farther Finance Advisors LLC lifted its stake in PIMCO California Municipal Income Fund by 179.5% in the third quarter. Farther Finance Advisors LLC now owns 3,114 shares of the investment management company’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Smartleaf Asset Management LLC acquired a new position in PIMCO California Municipal Income Fund during the 4th quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in PIMCO California Municipal Income Fund in the fourth quarter worth about $43,000. Finally, Tortoise Investment Management LLC bought a new position in PIMCO California Municipal Income Fund in the 3rd quarter worth about $55,000.

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.