PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Increases Dividend to $0.15 Per Share

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) declared a monthly dividend on Tuesday, December 30th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.15 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, December 31st. This is a 15.4% increase from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

Shares of MUNI stock traded down $0.11 during trading hours on Wednesday, reaching $52.45. 76,805 shares of the company’s stock were exchanged, compared to its average volume of 333,542. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a fifty-two week low of $49.58 and a fifty-two week high of $52.75. The stock’s 50 day moving average is $52.53 and its 200-day moving average is $51.94.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.