What does Fidelity California Municipal Income do?

Fidelity California Municipal Income (FCTFX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is FCTFX's market cap?

Fidelity California Municipal Income (FCTFX) has a market capitalization of approximately $1.88 billion, as of July 23, 2026, based on the most recent share price and shares outstanding.

Does FCTFX pay a dividend?

Yes — Fidelity California Municipal Income (FCTFX) pays a dividend monthly, with a trailing-twelve-month yield of 3.08%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

FCTFX

Fidelity California Municipal Income

NASDAQ·Asset Management · Financial Services

$12.21$0.04−0.33%

Market cap$1.88B·Jul 23 12:10 PM UTC

Price Chart

$12.21−$0.04 (−0.33%)today

−9.82%CAGR −2.05%

Select date range

FromTo

Jan 2, 1985Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)3.11%

Annual Dividend (FWD)$0.38

Dividend Growth (5Y)+5.7%

Dividend Safety—

Payout Ratio8,803.0%

FCF Payout Ratio54.0%

Most Recent Dividend$0.032

Ex-Dividend DateJun 30

Payment DateJul 1

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report DateAug 31

Reported vs Estimate$0.00

Earnings Surprise—

FinancialsFinancials Tab

Revenue$134.64M

Net Income−$16.12M

Net Margin−12.0%

Operating Cash Flow$100.78M

Capital Expenditures$0.00

Free Cash Flow$100.78M

Return on Equity−0.9%

Return on Invested Capital0.9%

Net Debt$1.25B

Value Graph

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EPS · Price vs. Fair Value Price Fair

Income Statement Flow

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About Fidelity California Municipal Income

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.

Sector: Financial Services
Industry: Asset Management
Exchange: NASDAQ
Website: fundresearch.fidelity.com/mutual-funds/summary/316390772

Peers

Peers Tab

FDMMX

Fidelity Massachuseets Municipal Income Fund

Cap

$1.7B

NAC

Nuveen California Quality Municipal Income Fund

Cap

$1.8B

EVT

Eaton Vance Tax-Advantaged Dividend Income Fund

Cap

$2.1B

Latest News

News Tab

No recent news available.

Frequently Asked Questions About FCTFX

What does Fidelity California Municipal Income do?: Fidelity California Municipal Income (FCTFX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is FCTFX's market cap?: Fidelity California Municipal Income (FCTFX) has a market capitalization of approximately $1.88 billion, as of July 23, 2026, based on the most recent share price and shares outstanding.
Does FCTFX pay a dividend?: Yes — Fidelity California Municipal Income (FCTFX) pays a dividend monthly, with a trailing-twelve-month yield of 3.08%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.