About PIMCO California Municipal Bond Fund Insti Class (PCTIX) — Dividend Analysis 2026
The investment seeks high current income exempt from federal and California income tax. The fund normally invests at least 80% of its assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from regular federal income tax and California income tax. It may invest in Fixed Income Instruments which include bonds, debt securities and other similar instruments issued by various U.S. and non-U.S. public- or private-sector entities. The fund may invest in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities.
Is PCTIX a good dividend investment in 2026?
PCTIX offers a 3.66% forward yield with a 50% payout ratio. Strand Safety Score: 60/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
PCTIX DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your PCTIX portfolio grows to $14.3K vs $13.7K without reinvestment. This is the compound interest effect in action.
PCTIX dividend growth history & forecast
PCTIX has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 3.66%.
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → -0.1B → +0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
60
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 PCTIX Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold PCTIX.
Gross yield
3.66%
Tax rate
15.00%
After-tax yield
3.11%
Real yield (−CPI)
0.31%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
3.66%
0.86%
$366 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.11%
0.31%
$311 / yr
🇺🇸 US Taxable (20%)
20%
2.93%
0.13%
$293 / yr
🇬🇧 UK ISA
0%
3.66%
0.86%
$366 / yr
🇬🇧 UK Taxable
8.75%
3.34%
0.54%
$334 / yr
🇨🇦 TFSA
0%
3.66%
0.86%
$366 / yr
🇨🇦 CA Taxable
25%
2.75%
-0.05%
$275 / yr
🇦🇺 Super (pension)
15%
3.11%
0.31%
$311 / yr
🇦🇺 AU Taxable
30%
2.56%
-0.24%
$256 / yr
🇩🇪 DE Taxable
26.375%
2.69%
-0.11%
$269 / yr
🇫🇷 FR Taxable
30%
2.56%
-0.24%
$256 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 PCTIX Income Goal & Break-Even
Dividend Break-Even
33yr
Years for dividends to fully repay your PCTIX investment of $10.60/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$3.6K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$1.1K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in PCTIX for:
Shares needed
72,740
Capital required
$771,044
Monthly income
$2,000
Based on current dividend of $0.39/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 PCTIX Dividend Payment Schedule
PCTIX pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.82 / payment
$3.30 / year after tax
100 shares
$8.25 / payment
$32.99 / year after tax
1,000 shares
$82.49 / payment
$329.94 / year after tax
📊 PCTIX vs Financial Services Benchmarks
How PCTIX compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▲+0.76% vs sectorBetter
PCTIX
3.66%
avg
2.90%
5Y Dividend CAGR▼-7.10% vs sectorBelow avg
PCTIX
0.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
PCTIX
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for PCTIX sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ PCTIX Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
9.56
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
6/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the PCTIX dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →