PIMCO California Municipal Income Fund III (NYSE:PZC) Declares $0.03 Monthly Dividend

PIMCO California Municipal Income Fund III (NYSE:PZC) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.0295 per share by the investment management company on Thursday, May 1st. This represents a $0.35 annualized dividend and a yield of 5.40%. The ex-dividend date is Friday, April 11th.

PIMCO California Municipal Income Fund III has decreased its dividend by an average of 8.1% annually over the last three years.

PIMCO California Municipal Income Fund III Stock Performance

Shares of PIMCO California Municipal Income Fund III stock opened at $6.56 on Friday. PIMCO California Municipal Income Fund III has a twelve month low of $6.48 and a twelve month high of $7.65. The company’s 50 day moving average is $6.74 and its 200 day moving average is $7.00.

PIMCO California Municipal Income Fund III Company Profile

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.