PIMCO California Municipal Income Fund
PCQFinancial Services · Stock · monthly payer
Forward Yield
5.08%
Annual Dividend
$0.43
Payout Ratio
—
5-Yr Growth
-9.9%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, PIMCO California Municipal Income Fund (PCQ) yields 5.08% ($0.43 per share annually), with a blended fair-value estimate of $14.78 — +69% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is PCQ a good dividend stock?
Yes, with caveatsPIMCO California Municipal Income Fund (PCQ) pays a monthly dividend yielding 5.08% ($0.43/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2022
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.08%
- Payout Ratio
- —
- Annual Dividend
- $0.43
- 5-Yr Avg Growth
- -9.9%
- Ex-Dividend Date
- —
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.40
- Market Cap
- —
- P/E Ratio
- 283.3
- 5-Yr Total Return
- -54%
- 52-Week Range
- $8.23 – $9.19
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
PCQ Price — Last 12 Months
Daily close
Price Return
1 Year
+0%
3 Years
+5%
5 Years
-54%
52-Week Range
$8.23 – $9.19
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PCQ worth?
Undervaluedlow confidenceOur blended fair-value estimate for PIMCO California Municipal Income Fund is $14.78 per share, versus a market price of $8.72. That implies 69% of upside — a margin of safety of about 41%.
Fair Value
$14.78
Current Price
$8.72
Upside
+69%
Margin of Safety
41%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.03 EPS, $0.43 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PCQ Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | — | $0.0360 | regular |
| Jul 13, 2026 | — | $0.0360 | regular |
| Jun 11, 2026 | — | $0.0360 | regular |
| May 11, 2026 | — | $0.0360 | regular |
| Apr 13, 2026 | — | $0.0360 | regular |
| Mar 12, 2026 | — | $0.0360 | regular |
| Feb 12, 2026 | — | $0.0360 | regular |
| Jan 13, 2026 | — | $0.0360 | regular |
| Dec 11, 2025 | — | $0.0360 | regular |
| Nov 14, 2025 | — | $0.0360 | regular |
| Oct 14, 2025 | — | $0.0360 | regular |
| Sep 12, 2025 | — | $0.0360 | regular |
| Aug 11, 2025 | — | $0.0360 | regular |
| Jul 11, 2025 | — | $0.0360 | regular |
Income Calculator
At $0.43 / yr per share
