Pimco Municipal Income Fund III (NYSE:PMX) Announces $0.05 Monthly Dividend
Pimco Municipal Income Fund III (NYSE:PMX) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.051 per share by the investment management company on Friday, November 1st. This represents a $0.61 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Thursday, October 10th.
Pimco Municipal Income Fund III has increased its dividend payment by an average of 1.4% annually over the last three years.
Pimco Municipal Income Fund III stock remained flat at $$12.86 during mid-day trading on Thursday. 27,247 shares of the company’s stock were exchanged, compared to its average volume of 58,473. Pimco Municipal Income Fund III has a 12-month low of $10.76 and a 12-month high of $13.00. The stock’s 50 day simple moving average is $12.58 and its 200 day simple moving average is $12.41.
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.
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