Pimco Municipal Income Fund III (NYSE:PMX) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.0558 per share by the investment management company on Wednesday, November 1st. This represents a $0.67 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, October 12th.
Pimco Municipal Income Fund III has decreased its dividend payment by an average of 6.6% per year over the last three years.
Pimco Municipal Income Fund III (PMX) traded down 0.08% on Wednesday, reaching $11.91. The company’s stock had a trading volume of 4,985 shares. The company has a 50 day moving average of $11.95 and a 200 day moving average of $11.74. The firm’s market capitalization is $389.96 million. Pimco Municipal Income Fund III has a 52 week low of $10.82 and a 52 week high of $12.67.
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PIMCO Municipal Income Fund III (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from federal income tax. The Fund invests approximately 90% of its net assets (and over 80% of its net assets plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax.
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