Dividend Coverage: $0.05 dividends are within arm’s reach for Pimco California Municipal Income Fund II (NYSE:PCK) shareholders.

Dividend Coverage: $0.05 dividends are within arm's reach for Pimco California Municipal Income Fund II (NYSE:PCK) shareholders.

Pimco California Municipal Income Fund II (NYSE:PCK) is expected to pay $0.05 on Dec 1, 2016. The indicated annual dividend is $0.61. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Pimco California Municipal Income Fund II’s current price of $9.83, the dividend is 0.48%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 2, 2016. The stock 0.01% or $0 during the last trading session, hitting $9.83. It is down 9.57% since April 5, 2016 and is downtrending. It has underperformed by 11.52% the S&P500.

PIMCO California Municipal Income Fund II is a non-diversified, closed-end management investment company. The company has a market cap of $313.63 million. The Fund’s investment objective is to seek current income exempt from federal and California income tax. It currently has negative earnings. The Fund invests approximately 90% of its net assets in municipal bonds that pay interest that is exempt from federal and California income tax.

Insitutional Activity: The institutional sentiment decreased to 1.43 in Q2 2016. Its down 1.32, from 2.75 in 2016Q1. The ratio dropped, as 3 funds sold all Pimco CA Muni. Income Fund II shares owned while 4 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 1.08 million shares or 8.75% less from 1.18 million shares in 2016Q1.
Ladenburg Thalmann Financial Service reported 40,883 shares or 0.01% of all its holdings. Natl Bank Of America De last reported 32,991 shares in the company. Wells Fargo & Mn has 0% invested in the company for 48,356 shares. Citigroup Incorporated holds 58,686 shares or 0% of its portfolio. Morgan Stanley holds 0% or 39,632 shares in its portfolio. Oppenheimer And Co last reported 0% of its portfolio in the stock. Da Davidson & Com last reported 1,000 shares in the company. Suntrust Banks Incorporated has 0% invested in the company for 53,145 shares. Guggenheim Limited Liability Com last reported 521,886 shares in the company. Moreover, Hightower Advsr Lc has 0% invested in Pimco CA Muni. Income Fund II (NYSE:PCK) for 13,688 shares. Commonwealth Equity Svcs has 52,540 shares for 0% of their US portfolio. Fort Point Capital Prns Ltd Liability accumulated 12,354 shares or 0.07% of the stock. Creative Planning has invested 0% of its portfolio in Pimco CA Muni. Income Fund II (NYSE:PCK). Destination Wealth Mgmt accumulated 0.01% or 16,000 shares. Rmb Cap Management Lc has 0.01% invested in the company for 20,820 shares.

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