Press coverage about Pimco CA Municipal Income Fund (NYSE:PCQ) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pimco CA Municipal Income Fund earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.855179371471 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Pimco CA Municipal Income Fund (NYSE PCQ) traded up $0.08 on Thursday, hitting $17.35. The stock had a trading volume of 26,000 shares, compared to its average volume of 35,587. Pimco CA Municipal Income Fund has a one year low of $14.92 and a one year high of $17.49.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be issued a $0.077 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.92 dividend on an annualized basis and a yield of 5.33%.
PIMCO California Municipal Income Fund (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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