Pimco Municipal Income Fund III (NYSE:PMX) Declares Monthly Dividend of $0.06
Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Stockholders of record on Friday, July 14th will be paid a dividend of 0.0558 per share by the investment management company on Tuesday, August 1st. This represents a $0.67 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Wednesday, July 12th.
Pimco Municipal Income Fund III has decreased its dividend payment by an average of 6.6% annually over the last three years.
Shares of Pimco Municipal Income Fund III (NYSE PMX) traded up 0.017% during midday trading on Wednesday, hitting $11.822. The stock had a trading volume of 54,490 shares. The firm has a 50-day moving average price of $11.67 and a 200-day moving average price of $11.48. Pimco Municipal Income Fund III has a 1-year low of $10.82 and a 1-year high of $13.05.
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About Pimco Municipal Income Fund III
PIMCO Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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