Pimco Municipal Income Fund III (PMX) to Issue $0.06 Monthly Dividend
Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be given a dividend of 0.0558 per share by the investment management company on Wednesday, November 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Thursday, October 12th.
Pimco Municipal Income Fund III has decreased its dividend by an average of 6.6% per year over the last three years.
Pimco Municipal Income Fund III (NYSE PMX) traded down 0.08% during midday trading on Tuesday, hitting $11.93. 35,337 shares of the company traded hands. Pimco Municipal Income Fund III has a 12-month low of $10.82 and a 12-month high of $12.77. The stock’s 50-day moving average is $11.94 and its 200-day moving average is $11.71.
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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