PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.033 per share by the investment management company on Monday, December 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Tuesday, November 12th.
PIMCO Municipal Income Fund III has decreased its dividend payment by an average of 10.5% per year over the last three years.
PIMCO Municipal Income Fund III Stock Performance
NYSE:PMX opened at $8.00 on Friday. PIMCO Municipal Income Fund III has a 52-week low of $6.76 and a 52-week high of $8.52. The stock’s 50 day moving average price is $8.10 and its 200 day moving average price is $7.83.
About PIMCO Municipal Income Fund III
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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