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.

Dividend History for Pimco Municipal Income Fund III (NYSE:PMX)

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