News coverage about Pimco CA Municipal Income Fund (NYSE:PCQ) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pimco CA Municipal Income Fund earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 46.1573734561764 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Pimco CA Municipal Income Fund (PCQ) traded up $0.04 during midday trading on Friday, reaching $17.26. 33,626 shares of the company’s stock were exchanged, compared to its average volume of 51,789. Pimco CA Municipal Income Fund has a 1 year low of $15.71 and a 1 year high of $17.89.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 12th will be paid a $0.077 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Thursday, January 11th.
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About Pimco CA Municipal Income Fund
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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