Pimco CA Muni. Income Fund III (NYSE:PZC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $11.09 and last traded at $10.93, with a volume of 7 shares. The stock had previously closed at $10.95.
The company also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a $0.045 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.54 annualized dividend and a dividend yield of 4.89%.
A hedge fund recently bought a new stake in Pimco CA Muni. Income Fund III stock. Wedbush Securities Inc. bought a new stake in Pimco CA Muni. Income Fund III (NYSE:PZC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 118,217 shares of the investment management company’s stock, valued at approximately $1,127,000.
About Pimco CA Muni. Income Fund III (NYSE:PZC)
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.
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