Pimco Municipal Income Fund III (PMX) Plans Monthly Dividend of $0.06
Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders 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.
Pimco Municipal Income Fund III (NYSE:PMX) traded up $0.01 on Thursday, hitting $11.69. 86,600 shares of the company’s stock were exchanged, compared to its average volume of 75,250. Pimco Municipal Income Fund III has a fifty-two week low of $11.00 and a fifty-two week high of $12.28.
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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