Pimco Municipal Income Fund III (PMX) Announces Monthly Dividend of $0.06

Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.0558 per share by the investment management company on Thursday, February 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Thursday, January 11th.

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 $0.01 on Wednesday, reaching $11.69. The company’s stock had a trading volume of 86,637 shares, compared to its average volume of 75,250. Pimco Municipal Income Fund III has a 12 month low of $11.00 and a 12 month high of $12.28.

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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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