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 (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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