Cash Dividend On The Way From PIMCO California Municipal Income (PCK)

Looking at the universe of stocks we cover at Dividend Channel, on 2/11/14, PIMCO California Municipal Income ( PCK) will trade ex-dividend, for its monthly dividend of $0.0625, payable on 3/3/14. As a percentage of PCK's recent stock price of $9.56, this dividend works out to approximately 0.65%, so look for shares of PIMCO California Municipal Income to trade 0.65% lower — all else being equal — when PCK shares open for trading on 2/11/14.

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Below is a dividend history chart for PCK, showing historical dividends prior to the most recent $0.0625 declared by PIMCO California Municipal Income:

PCK+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 PCK is likely to continue, and whether the current estimated yield of 7.85% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PCK shares, versus its 200 day moving average:

PIMCO California Municipal Income 200 Day Moving Average Chart

Looking at the chart above, PCK's low point in its 52 week range is $8.80 per share, with $11.11 as the 52 week high point — that compares with a last trade of $9.55.

In Friday trading, PIMCO California Municipal Income shares are currently down about 0.6% on the day.

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