Looking at the universe of stocks we cover at Dividend Channel, on 11/7/13, PIMCO California Municipal Income (PCQ) will trade ex-dividend, for its monthly dividend of $0.077, payable on 12/2/13. As a percentage of PCQ's recent stock price of $13.34, this dividend works out to approximately 0.58%, so look for shares of PIMCO California Municipal Income to trade 0.58% lower — all else being equal — when PCQ shares open for trading on 11/7/13.
Below is a dividend history chart for PCQ, showing historical dividends prior to the most recent $0.077 declared by PIMCO California Municipal Income:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PCQ is likely to continue, and whether the current estimated yield of 6.93% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PCQ shares, versus its 200 day moving average:Looking at the chart above, PCQ's low point in its 52 week range is $12.33 per share, with $17.10 as the 52 week high point — that compares with a last trade of $13.34.
In Wednesday trading, PIMCO California Municipal Income shares are currently down about 0.3% on the day.