Pimco CA Muni. Income Fund III (PZC) to Issue Monthly Dividend of $0.05 on January 2nd
Pimco CA Muni. Income Fund III (NYSE:PZC) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Monday, December 11th will be paid a dividend of 0.045 per share by the investment management company on Tuesday, January 2nd. This represents a $0.54 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Friday, December 8th.
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) opened at $10.40 on Thursday. Pimco CA Muni. Income Fund III has a 1 year low of $10.14 and a 1 year high of $12.97.
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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