PIMCO Municipal Income Fund III (NYSE:PMX) Declares $0.03 Monthly Dividend

PIMCO Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Thursday, December 12th will be given a dividend of 0.033 per share by the investment management company on Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Thursday, December 12th.

PIMCO Municipal Income Fund III has decreased its dividend by an average of 10.5% per year over the last three years.

PIMCO Municipal Income Fund III Stock Up 0.4 %

Shares of PMX traded up $0.03 during midday trading on Tuesday, reaching $7.93. 137,559 shares of the stock were exchanged, compared to its average volume of 95,357. PIMCO Municipal Income Fund III has a 12-month low of $7.02 and a 12-month high of $8.52. The firm has a 50 day simple moving average of $8.02 and a 200-day simple moving average of $7.88.

PIMCO Municipal Income Fund III Company Profile

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.