PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) declared a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Monday, January 13th will be given a dividend of 0.033 per share by the investment management company on Monday, February 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Monday, January 13th.
PIMCO Municipal Income Fund III has decreased its dividend payment by an average of 10.5% per year over the last three years.
PIMCO Municipal Income Fund III Trading Down 1.1 %
Shares of NYSE:PMX opened at $7.22 on Friday. PIMCO Municipal Income Fund III has a 1 year low of $7.02 and a 1 year high of $8.52. The firm has a fifty day moving average price of $7.63 and a 200 day moving average price of $7.85.
About PIMCO Municipal Income Fund III
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.
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