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

PIMCO California Municipal Income Fund (NYSE:PCQ) announced a monthly dividend on Friday, May 1st. Investors of record on Monday, May 11th will be given a dividend of 0.036 per share by the investment management company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, May 11th.

PIMCO California Municipal Income Fund Trading Up 0.4%

NYSE:PCQ opened at $8.92 on Friday. PIMCO California Municipal Income Fund has a 12 month low of $8.16 and a 12 month high of $9.19. The business’s 50-day moving average is $8.77 and its 200 day moving average is $8.83.

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.