PZC Ex-Dividend Reminder - 4/9/13

Looking at the universe of stocks we cover at Dividend Channel, on 4/9/13, PIMCO California Municipal Income Fund III (PZC) PZC will trade ex-dividend, for its monthly dividend of $0.06, payable on 5/1/13. As a percentage of PZC's recent stock price of $11.08, this dividend works out to approximately 0.54%, so look for shares of PIMCO California Municipal Income Fund III to trade 0.54% lower — all else being equal — when PZC shares open for trading on 4/9/13.

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Below is a dividend history chart for PZC, showing historical dividends prior to the most recent $0.06 declared by PIMCO California Municipal Income Fund III:

PZC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PZC is likely to continue, and whether the current estimated yield of 6.50% on annualized basis is a reasonable expectation of annual yield going forward.

In Friday trading, PIMCO California Municipal Income Fund III shares are currently trading flat on the day.

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