Pimco CA Muni. Income Fund III (PZC) Getting Somewhat Favorable News Coverage, Study Shows
Headlines about Pimco CA Muni. Income Fund III (NYSE:PZC) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pimco CA Muni. Income Fund III earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 47.6548285173825 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Pimco CA Muni. Income Fund III (NYSE PZC) traded down 0.18% on Tuesday, hitting $11.00. 9,571 shares of the stock were exchanged. Pimco CA Muni. Income Fund III has a 52-week low of $10.65 and a 52-week high of $13.07. The company has a 50 day moving average of $10.90 and a 200 day moving average of $11.82.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.54 dividend on an annualized basis and a yield of 4.90%.
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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.
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