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 Monday, July 1st, NASDAQ reports. Shareholders of record on Thursday, July 11th will be paid a dividend of 0.0295 per share by the investment management company on Thursday, August 1st. This represents a $0.35 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Thursday, July 11th.

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

PIMCO California Municipal Income Fund III Price Performance

Shares of PIMCO California Municipal Income Fund III stock traded up $0.01 during trading on Tuesday, hitting $7.17. 68,593 shares of the company’s stock traded hands, compared to its average volume of 48,312. The firm’s fifty day moving average price is $7.12 and its 200 day moving average price is $7.34. PIMCO California Municipal Income Fund III has a twelve month low of $6.30 and a twelve month high of $8.20.

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.