PIMCO California Municipal Income Fund (PCQ) Dividend Analysis
Does PIMCO California Municipal Income Fund (PCQ) pay a dividend?
Yes. PIMCO California Municipal Income Fund (PCQ) pays a dividend: $0.43 per share over the last twelve months, a dividend yield of 5.43% at the latest close.
Its dividend per share has shrunk at 1.0% a year over the last 5 years. The payout takes about 19.5% of earnings.
Computed from company filings. Ex-dividend and payment dates are not part of those filings, so they are not shown here. This is analysis, not investment advice.
| Fiscal year | Per share | Change |
|---|---|---|
| 2025 | $0.43 | 0.0% |
| 2024 | $0.43 | 0.0% |
| 2023 | $0.43 | +71.4% |
| 2022 | $0.25 | -22.5% |
| 2021 | $0.33 | -28.6% |
| 2020 | $0.46 | +18.2% |
| 2019 | $0.39 | -58.3% |
| 2018 | $0.92 | +20.0% |
| 2017 | $0.77 | |
| 2007 | $0.39 | -58.3% |
Newest 10 of 21 fiscal years; the chart below has the full series. Each payment counts toward the fiscal year it is paid for, so a final dividend paid in spring belongs to the year before. Figures are adjusted for stock splits, so a fall is a cut.
FCF does not fully cover the dividend, sustainability is a concern, no sustained growth pattern yet.
Based on TTM and annual data · Not a buy/sell signal
Score Breakdown
Safety
40% of composite
Growth
35% of composite
Income
25% of composite
Composite = Safety (50) × 0.40 + Growth (0) × 0.35 + Income (100) × 0.25 = 45
Dividend Yield
5.43%
Per Share (TTM)
$0.43
Payout Ratio
19.5%
5Y CAGR
-1.0%
Dividend Safety
Earnings Payout
19.5%
FCF Payout
—
FCF Coverage
-38.0x
Dividend Growth
Per Share (TTM)
$0.43
Growth Streak
—
5Y CAGR
-1.0%
Dividend Income
Annual DPS (TTM)
$0.43
Annual Income / $10K
$543
Payment frequency, ex-dividend and payment dates are not available from company filings. Check your broker or the company's investor relations page for the schedule.
PIMCO California Municipal Income Fund (PCQ) dividend: yield, safety and growth
Frequently asked
Does PIMCO California Municipal Income Fund (PCQ) pay a dividend, and how much?+
Yes, PIMCO California Municipal Income Fund pays a regular dividend of about $0.43 per share per year (a yield of roughly 5.4%). That is a payout ratio of about 19.5% of earnings, so it is not currently covered by free cash flow. A low headline yield is not the same as a weak dividend: what matters is how well earnings and cash flow cover the payout, not the percentage alone. The full payout history and per-share figures are on this dividends tab.
Is PIMCO California Municipal Income Fund's dividend safe?+
PIMCO California Municipal Income Fund's dividend looks not currently covered by free cash flow, with free cash flow covering the payout about -38.0 times over. Intrinsiqq scores its dividend safety at 50 out of 100, weighing the payout ratio, free-cash-flow coverage and balance-sheet strength. Safety matters more than yield: a payout you can rely on beats a high one you cannot.
Has PIMCO California Municipal Income Fund grown its dividend?+
PIMCO California Municipal Income Fund's dividend history is mixed. Recent dividend growth has been roughly flat. Consistent growth is one of the strongest signals of a durable, shareholder-friendly business, so read the streak alongside coverage on this tab.
What is PIMCO California Municipal Income Fund's dividend payout ratio?+
PIMCO California Municipal Income Fund pays out about 19.5% of its earnings as dividends. A lower payout ratio leaves more room to keep raising the dividend and to absorb a bad year, while a very high ratio can signal a payout under pressure. On this measure the dividend is not currently covered by free cash flow. See the dividend-safety breakdown for the free-cash-flow view, which is often more telling than earnings.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.