PIMCO California Municipal Income Fund III (NYSE:PZC) Plans Dividend Increase – $0.03 Per Share

PIMCO California Municipal Income Fund III (NYSE:PZC) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.03 per share by the investment management company on Monday, June 3rd. This represents a $0.36 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Friday, May 10th. This is a positive change from PIMCO California Municipal Income Fund III’s previous monthly dividend of $0.03.

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 Stock Performance

NYSE PZC opened at $7.27 on Wednesday. The stock’s 50 day simple moving average is $7.42 and its 200 day simple moving average is $7.27. PIMCO California Municipal Income Fund III has a one year low of $6.30 and a one year high of $8.20.

PIMCO California Municipal Income Fund III Company Profile

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.