Somewhat Positive Media Coverage Somewhat Unlikely to Affect Pimco Municipal Income Fund III (PMX) Share Price
Press coverage about Pimco Municipal Income Fund III (NYSE:PMX) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pimco Municipal Income Fund III earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 45.6343698248142 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Pimco Municipal Income Fund III (NYSE:PMX) traded down 0.54% on Friday, hitting $11.91. The stock had a trading volume of 56,326 shares. Pimco Municipal Income Fund III has a 52-week low of $10.82 and a 52-week high of $12.87. The company’s 50 day moving average price is $11.93 and its 200 day moving average price is $11.63.
The firm also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be issued a $0.0558 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Friday, September 8th.
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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.
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