PIMCO California Municipal Income Fund III (NYSE:PZC) to Issue $0.03 Monthly Dividend

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.0295 per share by the investment management company on Tuesday, April 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, March 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 Trading Down 1.2 %

Shares of PZC stock traded down $0.08 on Tuesday, hitting $6.81. The company’s stock had a trading volume of 88,107 shares, compared to its average volume of 73,451. PIMCO California Municipal Income Fund III has a fifty-two week low of $6.60 and a fifty-two week high of $7.87. The stock’s 50 day moving average is $6.80 and its 200-day moving average is $7.11.

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.