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

Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Stockholders of record on Monday, February 12th will be paid a dividend of 0.0558 per share by the investment management company on Thursday, March 1st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Friday, February 9th.

Pimco Municipal Income Fund III has decreased its dividend by an average of 1.6% per year over the last three years.

Shares of Pimco Municipal Income Fund III (NYSE PMX) traded down $0.12 on Friday, hitting $10.94. 112,610 shares of the stock were exchanged, compared to its average volume of 87,940. Pimco Municipal Income Fund III has a fifty-two week low of $10.94 and a fifty-two week high of $12.28.

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Pimco Municipal Income Fund III Company Profile

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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