PIMCO New York Municipal Income Fund III (NYSE:PNI) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Friday, October 11th will be given a dividend of 0.04 per share on Friday, November 1st. This represents a $0.48 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, October 10th.

PIMCO New York Municipal Income Fund III has decreased its dividend payment by an average of 8.5% annually over the last three years.

NYSE PNI opened at $12.19 on Wednesday. PIMCO New York Municipal Income Fund III has a 1 year low of $10.37 and a 1 year high of $12.39.

In related news, major shareholder Of America Corp /De/ Bank sold 5,370 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $11.78, for a total transaction of $63,258.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

PIMCO New York Municipal Income Fund III Company Profile

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.

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