Pimco CA Muni. Income Fund III (PZC) to Issue $0.05 Monthly Dividend

Pimco CA Muni. Income Fund III (NYSE:PZC) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be paid a dividend of 0.045 per share by the investment management company on Thursday, February 1st. This represents a $0.54 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, January 11th.

Pimco CA Muni. Income Fund III has decreased its dividend by an average of 2.9% per year over the last three years.

Shares of Pimco CA Muni. Income Fund III (NYSE:PZC) traded up $0.02 during midday trading on Thursday, hitting $10.49. The stock had a trading volume of 66,200 shares, compared to its average volume of 57,700. Pimco CA Muni. Income Fund III has a 52 week low of $10.14 and a 52 week high of $12.97.

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Pimco CA Muni. Income Fund III Company Profile

PIMCO California Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal and California income tax.

Dividend History for Pimco CA Muni. Income Fund III (NYSE:PZC)

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