Pimco CA Muni. Income Fund II (PCK) to Issue Dividend Increase – $0.05 Per Share
Pimco CA Muni. Income Fund II (NYSE:PCK) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.0473 per share by the closed-end fund on Wednesday, November 1st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Thursday, October 12th. This is a positive change from Pimco CA Muni. Income Fund II’s previous monthly dividend of $0.05.
Pimco CA Muni. Income Fund II has decreased its dividend payment by an average of 9.3% annually over the last three years.
Pimco CA Muni. Income Fund II (PCK) traded up 0.010% during midday trading on Wednesday, hitting $10.141. 18,319 shares of the stock traded hands. Pimco CA Muni. Income Fund II has a one year low of $9.05 and a one year high of $10.70. The company has a 50-day moving average price of $10.17 and a 200 day moving average price of $10.10.
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Pimco CA Muni. Income Fund II Company Profile
PIMCO California Municipal Income Fund II (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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