PIMCO California Municipal Income Fund III (NYSE:PZC) Announces Monthly Dividend of $0.03

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.0295 per share by the investment management company on Monday, February 3rd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Monday, January 13th.

PIMCO California Municipal Income Fund III has decreased its dividend payment by an average of 8.1% per year over the last three years.

PIMCO California Municipal Income Fund III Price Performance

PZC traded up $0.01 during mid-day trading on Friday, hitting $6.89. 73,171 shares of the stock were exchanged, compared to its average volume of 52,485. The firm’s fifty day moving average is $7.07 and its two-hundred day moving average is $7.24. PIMCO California Municipal Income Fund III has a 1-year low of $6.72 and a 1-year high of $7.90.

About PIMCO California Municipal Income Fund III

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.