Key Details
Price
$9.75Last Dividend
$0.04Annual ROE
6.82%Beta
0.08Events Calendar
Next earnings date:
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Nov 12, 2024Next split:
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PIMCO California Municipal Income Fund previously traded at a high premium but now has a double-digit discount to NAV, making it a more attractive investment option. The supply of new municipal bonds has decreased, creating a favorable market dynamic for funds like PCQ. California's improving revenue and the expectation of a steepening yield curve in 2024 are positive factors for PCQ's performance.
This article evaluates the PIMCO California Municipal Income Fund as a potential investment option at its current market price. Despite recent gains in PCQ, the prudent course here is to remain cautious. California's budget and finances are more sensitive to economic trends, given its tax structure that relies heavily on high net worth individuals.
FAQ
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