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

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Friday, April 11th will be given a dividend of 0.0295 per share by the investment management company on Thursday, May 1st. This represents a $0.35 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Friday, April 11th.

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

PIMCO California Municipal Income Fund III Price Performance

NYSE PZC traded up $0.03 during trading hours on Thursday, reaching $6.64. The stock had a trading volume of 134,093 shares, compared to its average volume of 63,927. PIMCO California Municipal Income Fund III has a 52-week low of $6.48 and a 52-week high of $7.67. The stock has a fifty day moving average of $6.74 and a 200 day moving average of $7.01.

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.