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.
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.
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