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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.036 per share by the investment management company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Thursday, August 13th.

PIMCO California Municipal Income Fund Price Performance

Shares of NYSE PCQ opened at $8.61 on Tuesday. The company’s 50-day moving average price is $8.82 and its 200 day moving average price is $8.83. PIMCO California Municipal Income Fund has a 52 week low of $8.16 and a 52 week high of $9.19.

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.