Is PCQ a Friend, Question Mark or Foe?

PCQ is classified a Foe under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the PCQ distribution?

A Foe is an income asset whose long-term distributions have historically outrun its economic total return, or whose distribution or working capital has eroded over time. It describes a weak historical income-quality record — it is not a prediction or a recommendation to sell.

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Public snapshot

PCQ Income Quality Score

Name: PCQ Income Quality Score
Creator: Income Quality Score
Keywords: PCQ income quality, PCQ dividend quality, PCQ dividend safety, PCQ distribution history, PCQ dividend score, PCQ analysis, PIMCO California Municipal Income Fund dividend

PIMCO California Municipal Income Fund (PCQ) has an Income Quality Score of 31/100, classified as a Foe with high confidence, based on a 10-year income and total-return history.

PIMCO California Municipal Income Fund (PCQ) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of July 31, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 4 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

31/100

FoeHigh confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

341 of 358

Lookback

10-year

Data as of

July 31, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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PCQPIMCO California Municipal Income Fund

31FoeHigh confidence

Snapshot: 2026-07
Data as of: 2026-07-31
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

13/100

Working Capital Preservation

51/100

Distribution Cut Score

40/100

Distribution Trend

50/100

What to watch

Distributions exceed long-term total return
1–2 years with a material annual distribution decline

Flags & gates

Yield Trap

Distribution Safety

2Years raised

2Years cut

26Years of data

HeldCurrent trend

High confidence (10-year history)

20010.375Held
20020.924Raised
20030.924Held
20040.924Held
20050.924Held
20060.924Held
20070.924Held
20080.924Held
20090.924Held
20100.924Held
20110.924Held
20120.924Held
20130.924Held
20140.924Held
20150.924Held
20160.924Held
20170.924Held
20180.924Held
20190.924Held
20200.79Cut
20210.78Held
20220.7979Raised
20230.432Cut
20240.432Held
20250.432Held
20260.252Partial year

Distributions per year, from the frozen distribution-stability signal.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.