PIMCO California Municipal Income Fund (PCQ) To Go Ex-Dividend on July 13th

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be given a dividend of 0.036 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, July 13th.

PIMCO California Municipal Income Fund Stock Performance

Shares of PCQ stock opened at $8.98 on Friday. PIMCO California Municipal Income Fund has a 1-year low of $8.16 and a 1-year high of $9.19. The business has a 50-day moving average of $8.82 and a 200 day moving average of $8.83.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCQ. Smartleaf Asset Management LLC purchased a new position in shares of PIMCO California Municipal Income Fund in the fourth quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of PIMCO California Municipal Income Fund during the fourth quarter worth about $43,000. Tortoise Investment Management LLC bought a new stake in shares of PIMCO California Municipal Income Fund in the third quarter worth about $55,000. Farther Finance Advisors LLC grew its stake in shares of PIMCO California Municipal Income Fund by 107.6% in the fourth quarter. Farther Finance Advisors LLC now owns 6,464 shares of the investment management company’s stock worth $56,000 after purchasing an additional 3,350 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in PIMCO California Municipal Income Fund during the 2nd quarter valued at about $87,000.

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.